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5700 Wilshire BLVD, Los Ang...

Sony Pictures Leases 225239 Sq Ft Office Space At 5700 Wilshire Blvd In Los Angeles
LEASEDOffice

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

Peter Collins

Cushman & Wakefield

Broker

$58.9M

vol

5 deals

Broker
Onni Group
Onni GroupLandlord

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