Updated Sep 9, 2024
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
About this deal
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
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