Stanley Kroenke & Rob Aylesworth Lease Retail Space To JD Sports, Iconix Fitness, Cosm Los Angeles
1001 Stadium Drive
Building Size
128,500 SF
Asset Type
Retail
Closing
May 2, 2024
AI
The property at 1001 South Stadium Drive, Inglewood, is a retail asset spanning 128,500 square feet. It is part of the Hollywood Park mixed-use development, owned by Stanley Kroenke and Rob Aylesworth, offering a diverse retail area along with SoFi Stadium, YouTube Theater, residences, office spaces, and public parks.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Stanley Kroenke & Rob Aylesworth - Hollywood Park
- Tenant: JD Sports; Kurt Schneiter - Iconix Fitness; Jeb Terry - Cosm Los Angeles
- Broker: Jack Nathan - Kennedy Wilson
This deal involves key individuals such as Rob Aylesworth, the project director of Hollywood Park, emphasizing the development's aim to become a global living, working, and entertainment destination. The new retail tenants, including JD Sports, Iconix Fitness, and Cosm Los Angeles, will contribute to enhancing the retail area's offerings within the Hollywood Park development.
Players
Inglewood Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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