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
Los Angeles 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