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635 Mateo St, Los Angeles, ...

Gunderson Dettmer Leases 24567 Square Feet At 635 Mateo St Los Angeles From Mateo Street Properties
LEASEDOffice

Gunderson Dettmer Leases 24567 Square Feet At 635 Mateo St Los Angeles From Mateo Street Properties

635 Mateo St, Los Angeles, CA, 90021

Building Size

24,567 SF

Asset Type

Office

Closing

Jul 25, 2022

AI

The property involved in this transaction is located at 635 Mateo St, Los Angeles, CA, 90021, within the Los Angeles market. This leased asset encompasses 24,567 square feet and is part of Mateo Street Properties' portfolio.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 635 Mateo St, Los Angeles, CA, 90021
  • Market: Los Angeles
  • Landlord: Mateo Street Properties
  • Tenant: Gunderson Dettmer
  • Landlord's Representative: Caitlyn Ross, Dana Vargas - JLL

Caitlyn Ross and Dana Vargas represented Mateo Street Properties in this lease transaction, facilitating the agreement with Gunderson Dettmer as the tenant. Their roles were crucial in ensuring the successful negotiation and finalization of the lease terms for the property.

Players

Caitlyn Ross

JLL

Broker

$4.6M

vol

4 deals

Broker
P
PropertiesLandlord

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