Mani Brothers Real Estate Group Leases Office In West Hollywood To Global Merchandising Services
8439 West Sunset Boulevard
$6
$6/SF
Building Size
11,196 SF
Asset Type
Office
Closing
Aug 15, 2023
AI
The office property located at 8439 West Sunset Boulevard in West Hollywood has been leased. The property, measuring 11,196 square feet, was leased by Global Merchandising Services. The landlord, Mani Brothers Real Estate Group, facilitated the lease transaction.
Summary of transaction details:
- Property Type: Office
- Asking Rent: $6 per square foot
- Total Square Footage: 11,196 sq. ft.
- Address: 8439 West Sunset Boulevard, West Hollywood
- Tenant: Global Merchandising Services
- Landlord: Mani Brothers Real Estate Group
The lease deal was managed by Brad Chelf from CBRE and Chris Dumont from Madison Partners, serving as the landlord's representatives. Cedar Georgevich from Hughes Marino represented Global Merchandising Services as their tenant's representative.
Players
West Hollywood 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
2643833.33%
Cash-on-Cash
-755615.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93