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750 North San Vicente Boule...

Media Rights Capital Leases Office Space From Cohen Brothers Realty At 750 North San Vicente Boulevard
LEASEDOffice

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.

Players

Blake Mirkin

CBRE

Broker

$37.2M

vol

11 deals

Broker

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