Media Rights Capital Leases Office Space From Cohen Brothers Realty At 750 North San Vicente Boulevard
750 North San Vicente Boulevard
$6
$6/SF
Building Size
28,000 SF
Asset Type
Office
Closing
Sep 26, 2024
AI
The property asset involved in this transaction is an office located at 750 North San Vicente Boulevard in West Hollywood. The asset spans 28,000 square feet, and the landlord, Cohen Brothers Realty, has leased it to Media Rights Capital. The asking rent for this property is set at $6 per square foot under a 10-year full-service gross lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 750 North San Vicente Boulevard
- Market: West Hollywood
- Landlord: Cohen Brothers Realty
- Tenant: Media Rights Capital
- Asking Rent: $6/ft
- Lease Term: 10 years
- Lease Type: Full Service Gross
- Brokers: Blake Mirkin & Kyle Widener - CBRE
Key individuals involved in the deal include brokers Blake Mirkin and Kyle Widener, who represented the tenancy of Media Rights Capital. Their representation plays a critical role in facilitating the lease agreement between the landlord and tenant, contributing to the successful closure of this transaction.
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
2643833.33%
Cash-on-Cash
-755615.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93