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720 North Cahuenga Boulevard

Updated Dec 4, 2024

Lucy Guo Of Passes Leases 25,000 Square Feet Office From Robert Herscu In Los Angeles
LEASEDOffice

Lucy Guo Of Passes Leases 25,000 Square Feet Office From Robert Herscu In Los Angeles

720 North Cahuenga Boulevard

Building Size

25,000 SF

Asset Type

Office

Closing

Aug 19, 2024

About this deal

AI

The leased property is a 25,000-square-foot office space located at 720 North Cahuenga Boulevard in Los Angeles. The previous occupant of the space was Faze Clan. This office is designed to accommodate various amenities, including podcast studios, green screen rooms, and a yoga studio, catering to the needs of the tenant's operations.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 720 North Cahuenga Boulevard
  • Market: Los Angeles
  • Landlord: Robert Herscu - HQ Creative Office
  • Tenant: Lucy Guo - Passes

Robert Herscu represents HQ Creative Office as the landlord in this lease agreement. Lucy Guo, as the tenant, operates the content creator platform Passes, which has entered into this lease to expand its business presence, supported by her noteworthy financial standing.

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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

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