Puma North America Leases Office Space At 6344 Fountain Avenue, Los Angeles
6344 Fountain Avenue
Building Size
30,000 SF
Asset Type
Office
Closing
Feb 6, 2024
AI
The property at 6344 Fountain Avenue in Los Angeles, spanning 30,000 square feet, was leased out in a recent transaction. The landlord, David Simon of BARDAS, secured a deal with tenant Puma North America for this office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 6344 Fountain Avenue
- Market: Los Angeles
- Landlord: David Simon - BARDAS
- Tenant: Puma North America
- Landlord's Rep: Chris Dumont - Madison Partners
- Tenant's Rep: Jay Luchs & Carly Geller - Newmark
Representing the landlord in the deal was Chris Dumont from Madison Partners. On the other side, Jay Luchs and Carly Geller from Newmark acted as the tenant's representatives, finalizing the lease agreement for the office space in Los Angeles.
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