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4201 Wilshire Boulevard

L’AGENCE Signs Long-Term Lease For 21000 Square Feet At Jamison's Harbor Building In Los Angeles
LEASEDOffice

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

Greg Astor

Broker

$3.8M

vol

3 deals

Broker

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