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9720 Wilshire Boulevard

FAT Brands Inc. Renewed 15,347 Square Foot Lease At 9720 Wilshire Boulevard In Beverly Hills
LEASEDOffice

FAT Brands Inc. Renewed 15,347 Square Foot Lease At 9720 Wilshire Boulevard In Beverly Hills

9720 Wilshire Boulevard

Building Size

15,347 SF

Asset Type

Office

Closing

Nov 20, 2024

AI

The property asset located at 9720 Wilshire Boulevard in Beverly Hills is an office space encompassing 15,347 square feet. The lease agreement signifies a notable transaction in the office real estate market within this desirable location.

Summary of transaction details:

This leasing deal underscores the involvement of key representatives, including David Freitag, Kayla Rix, Rocky Binswanger from CBRE, and Peter Best from LA Realty Partners representing the landlord, while Gabriel Brown from JLL represented the tenant, FAT Brands Inc.

Players

Gabriel Brown

JLL

Broker

$7.2M

vol

5 deals

Broker

Beverly Hills 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