Updated Oct 29, 2024
The Federative Republic Of Brazil Signs 10.5-Year Lease For Office Space In Los Angeles
6222 Wilshire Blvd Los Angeles, CA 90048, USA
$45
$45/SF
Building Size
16,477 SF
Asset Type
Office
Closing
Jun 23, 2023
About this deal
AI
The Federative Republic of Brazil has signed a 10.5-year lease for a 16,477-square-foot office space located at 6222 Wilshire Boulevard in Los Angeles. The lease, valued at $10.4 million, will serve as Brazil's Consulate General in the Miracle Mile neighborhood, offering a prominent location close to cultural institutions and transit.
Summary of transation details
- Property Type: Office
- Transaction Amount: $10.4 million
- Address: 6222 Wilshire Boulevard, Los Angeles
- Market: Los Angeles
The lease transaction was facilitated by brokers Brian M. Dunne and Don Hudson of Kidder Mathews, representing Brazil in securing the office space. Their expertise and negotiation skills played a crucial role in finalizing the deal for the Consulate General.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93