Digital Brand Architects Leases Office At 8687 Melrose Ave, West Hollywood
8687 Melrose Ave, West Hollywood, C...
Building Size
6,300 SF
Asset Type
Office
Closing
Apr 29, 2019
AI
The office property located at 8687 Melrose Ave in West Hollywood, California, spanning 6300 square feet, was leased on April 29, 2019. The tenant, Digital Brand Architects, secured this space in the vibrant market of West Hollywood, with Charles S. Cohen serving as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Digital Brand Architects
- Tenant's Rep: Marc Bretter()
- Landlord: Charles S. Cohen
- Address: 8687 Melrose Ave, West Hollywood, CA
- Market: West Hollywood
- Square Feet: 6300
Facilitating the lease agreement was Marc Bretter(), representing Digital Brand Architects in this transaction, ensuring a successful deal for all parties involved.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93