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700 South Flower Street

West Monroe Tenants Kevin McCarty Gil Mermelstein Jordan Sternlieb Brian Paulen Lease Office At 700 South Flower Street
LEASEDOffice

West Monroe Tenants Kevin McCarty Gil Mermelstein Jordan Sternlieb Brian Paulen Lease Office At 700 South Flower Street

700 South Flower Street

Building Size

25,000 SF

Asset Type

Office

Closing

Mar 28, 2025

AI

The property asset involved in this transaction is an office space located at 700 South Flower Street in Los Angeles. The total square footage of the space is 25,000.0.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 03/28/2025
  • Tenant: Kevin McCarty, Gil Mermelstein, Jordan Sternlieb & Brian Paulen - West Monroe
  • Landlord: Jeffrey Kanne - National Real Estate Investors; Robert G. Byron & Peter Stelian - Blue Vista

This transaction reflects the involvement of West Monroe as tenants, who are represented by the named individuals, while the landlord representation includes multiple entities from National Real Estate Investors and Blue Vista, indicating a collaborative approach in leasing this office space.

Players

Peter Stelian

Landlord

$57.6M

vol

4 deals

Landlord

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