L’AGENCE Signs Long-Term Lease For 21000 Square Feet At Jamison's Harbor Building In Los Angeles
4201 Wilshire Boulevard
Building Size
21,000 SF
Asset Type
Office
Closing
Sep 25, 2024
AI
The property involved in this transaction is an office space located at 4201 Wilshire Boulevard in the Los Angeles market. The asset type is classified as an office, with a total square footage of 21,000. The lease was finalized for occupancy in Jamison's Harbor Building, which is situated in the Park Mile District of Los Angeles.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Long-term lease
- Address: 4201 Wilshire Boulevard
- Landlord: Jamison
- Tenant: L’AGENCE
- Landlord's Representative: Ben Silver & Greg Astor - JLL
- Tenant's Representative: Richard Abdulian - Kidder Mathews
- Lease Term: Long-term
- Square Feet: 21,000
In this transaction, L’AGENCE signed a long-term lease to establish a new corporate headquarters, enabling the company to consolidate its operations. JLL's representatives, Greg Astor and Ben Silver, facilitated the deal for Jamison, while Richard Abdulian took the role of representative for L’AGENCE, which has plans for expansion both domestically and internationally from this location.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93