West Los Angeles Office Building At 6300 Wilshire Boulevard Signs 17 New Leases And Renewals
6300 Wilshire Boulevard
Building Size
79,000 SF
Asset Type
Office
Closing
Jul 24, 2023
AI
A recently renovated office building located at 6300 Wilshire Boulevard in West Los Angeles has seen a significant boost in leasing activity. The building, spanning 79,000 square feet, has attracted eleven new tenants and secured lease renewals with six existing tenants. This surge in leasing activity indicates a positive trend in the office leasing market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 79,000
- Address: 6300 Wilshire Boulevard
- Market: Los Angeles
The landlord, The Swig Company, represented by Cory Kristoff and Intercontinental Real Estate Corporation, has successfully attracted a diverse range of tenants to occupy the office space at 6300 Wilshire. The new tenants include Alias Intelligence, Creative Circle, EF Collection, Paul Herzog, KM Artist Agency, E&L, LLP, Astar Home Capital, SPZ Advisors, Movagar & Yamin, Brandman Agency, Consumer 2.0, Arba Group, Western Avenue, MCR Publicity & Marketing, Fagen, Friedman & Fulfrost, LLP, IW Group, and Fate Foods. These companies from various sectors contribute to the vibrant tenant mix within the building.
This surge in leasing activity and the addition of new tenants, along with the renewals of existing ones, showcase the appeal and desirability of the recently renovated office building at 6300 Wilshire Boulevard. The successful lease signings indicate a thriving office leasing market in West Los Angeles.
Players
Los Angeles 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