CBRE Brokers 21,377 SF Lease For Syracuse University At 5250 Lankershim Blvd
5250 Lankershim Blvd North Hollywood, CA 91601, USA
$35
$35/SF
Building Size
21,377 SF
Asset Type
Office
Closing
May 8, 2023
AI
Cushman & Wakefield has facilitated a lease between Syracuse University and divcowest'>DivcoWest at 5250 Lankershim Boulevard in North Hollywood, California. This nine-story office building will be home to Syracuse University's expanding SU in LA semester programs for students in The S.I. Newhouse School of Public Communications and The College of Visual & Performing Arts. The university will occupy the full fourth floor of the building, totaling 21,377 square feet. The lease is set to commence in fall 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Asking Rent: $35/ft.
- Square Footage: 21,377
- Address: 5250 Lankershim Boulevard
- Market: North Hollywood
JLL's Patrick Church and Anneke Greco represented the landlord, divcowest'>DivcoWest, in the lease transaction. Marty Barkan from CBRE acted as the tenant's representative, assisting Syracuse University in securing the space.
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93