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9830 Wilshire Boulevard, Be...

AloYoga Subleases Office Space At 9830 Wilshire Blvd, Beverly Hills From WeWork
LEASEDOffice

AloYoga Subleases Office Space At 9830 Wilshire Blvd, Beverly Hills From WeWork

9830 Wilshire Boulevard, Beverly Hills, CA 90212

Building Size

75,000 SF

Asset Type

Office

Closing

Aug 27, 2021

AI

Located at 9830 Wilshire Blvd. in Beverly Hills, this office space was recently leased. The lease was signed on August 27, 2021, with a sublessor and sublessee involved in the transaction. The sublessor was WeWork, while the sublessee was AloYoga. The lease term is for 3 years, with the sublessee also having a 3-year option. The property spans a total of 75,000 square feet, with an asking rent of $15,000,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $30,000,000
  • Address: 9830 Wilshire Blvd.
  • Market: Beverly Hills
  • Square Footage: 75,000

Representing both the sublessor and sublessee in this transaction were Jack Harris and Michael Fahimian. They played a pivotal role in facilitating the deal, which had a total transaction volume of $30,000,000.

Contact Jack Harris & Michael Fahimian at [email protected] for any of your real estate needs.

Players

Michael Fahimian

Broker

$332.4M

vol

24 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