Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 9720 Wilshire Boulevard
- Market: Beverly Hills
- Landlord: Matt Lavin - Anderson Real Estate
- Tenant: Andrew Wiederhorn - FAT Brands Inc.
- Landlord's Representatives: David Freitag, Kayla Rix & Rocky Binswanger - CBRE; Peter Best - LA Realty Partners
- Tenant's Representative: Gabriel Brown - JLL
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.
On the Map
Office
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Players
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