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1005 Mateo St, Los Angeles,...

Rolling Greens Leases 64000 Square Feet At 1005 Mateo St In Los Angeles With David Brandt's Representation
LEASEDRetail

Rolling Greens Leases 64000 Square Feet At 1005 Mateo St In Los Angeles With David Brandt's Representation

1005 Mateo St, Los Angeles, CA, 90021

Building Size

64,000 SF

Asset Type

Retail

Closing

Mar 28, 2017

AI

The property located at 1005 Mateo St, Los Angeles, CA, 90021 encompasses a total of 64,000 square feet. This retail space is situated in the vibrant Los Angeles market, specifically within the Arts District. Prior to the lease agreement, the site operated as a scrap metal yard, and is now set to host Rolling Greens' new retail store.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: N/A
  • Square Feet: 64,000
  • Address: 1005 Mateo St, Los Angeles, CA, 90021
  • Market: Los Angeles
  • Tenant: Rolling Greens
  • Landlord's Representative: David Brandt-Lee & Associates
  • Lease Opening Scheduled: Q4 2017

Paul Park, a senior vice president at JLL LA, represented Rolling Greens in this transaction, while David Brandt, also a senior vice president, represented the landlord through Lee & Associates.

Players

Paul Park

East-West Realty

Broker

$5.5M

vol

3 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · 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