Updated Dec 4, 2024
ByteDance Expands Office Space In Culver City, Los Angeles County
5800 Bristol Parkway & 900 Corporate Pointe
Building Size
143,251 SF
Asset Type
Office
Closing
Oct 2, 2023
About this deal
AI
ByteDance, the parent company of TikTok, is expanding its office space in Los Angeles County, adding over 143,000 square feet through a deal in Culver City. The property, located at 5800 Bristol Parkway & 900 Corporate Pointe, is an office space with a total area of 143,251 square feet. The deal was completed on 10/02/2023. The asset is owned by IDS Real Estate represented by David G. Mgrublian and Northwood Investors represented by John Z. Kukral. The tenant, ByteDance, was represented by Zhang Yiming in this lease transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Square Footage: 143,251
- Address: 5800 Bristol Parkway & 900 Corporate Pointe
- Market: Culver City
This expansion marks one of the largest office signings in Los Angeles during the third quarter, highlighting the growing presence of ByteDance in the region. The deal demonstrates the company's commitment to expanding its operations and office space, further solidifying its position in the industry.
Players
Culver City Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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