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6344 Fountain Avenue

Puma North America Leases Office Space At 6344 Fountain Avenue, Los Angeles
LEASEDOffice

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

Carly Geller

Newmark

Broker

10 deals

Broker

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