Condé Nast Leases Office Space At Atlas Capital's ROW DTLA Campus In Los Angeles
777 S Alameda St
Building Size
25,000 SF
Asset Type
Office
Closing
Apr 19, 2023
AI
Media company Condé Nast is moving its Los Angeles office to the edge of the Arts District at the ROW DTLA mixed-use campus owned by Atlas Capital. The company has signed a lease for approximately 25,000 square feet of office space at 777 S Alameda St. The property is located in the vibrant Los Angeles market and offers amenities such as dining options, co-tenancies, ample parking, and outdoor event spaces.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not mentioned
- Square Footage: 25,000
- Address: 777 S Alameda St
- Market: Los Angeles
- Landlord: Atlas Capital
- Tenant: Condé Nast
- Brokers: Cassie Trosclair, Sarah Hancock, Brian Niehaus & Lalo Diaz - JLL
Condé Nast's move to the ROW DTLA mixed-use campus is facilitated by their brokers from JLL, including Cassie Trosclair, Sarah Hancock, Brian Niehaus, and Lalo Diaz. This relocation provides the media company with a strategic location in the Arts District and allows them to join other fashion-focused tenants at the site.
Players
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