Updated Mar 31, 2025
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
About this deal
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.
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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