Sony Pictures Leases 225239 Sq Ft Office Space At 5700 Wilshire Blvd In Los Angeles
5700 Wilshire BLVD, Los Angeles, CA...
Building Size
225,239 SF
Asset Type
Office
Closing
Feb 3, 2023
AI
The property at 5700 Wilshire Blvd, Los Angeles, CA is an office asset spanning 225,239 square feet. The landlord, Onni Group, facilitated a lease transaction with Sony Pictures, represented by Scott Menkus of Cushman & Wakefield. The deal included brokerage services provided by Peter Collins from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5700 Wilshire Blvd, Los Angeles, CA
- Market: Los Angeles
- Tenant: Sony Pictures
- Landlord: Onni Group
- Square Feet: 225,239
- Landlord's Rep: Scott Menkus (Cushman & Wakefield)
- Brokers: Peter Collins (Cushman & Wakefield)
Scott Menkus from Cushman & Wakefield served as the representative for Sony Pictures in the lease transaction, ensuring a successful deal with the property's landlord, Onni Group. Peter Collins, also from Cushman & Wakefield, provided brokerage services, contributing to the smooth execution of the agreement.
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