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NewCorp Acquisitions Signs Long-Term Lease In North Hollywood Arts District

Property Image
LEASED
Steve Bermudez
Scott Schubiner
SF

California

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Retail9,000 SF
Leased 07/20/2022
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Property Image
LEASED

NewCorp Acquisitions Signs Long-Term Lease In North Hollywood Arts District

11032 Magnolia Boulevard, North Hollywood, California 91601, United States

See Similar Deals
Retail9,000 SF
Leased 07/20/2022
Steve Bermudez
Scott Schubiner
SF
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Total Square Footage:9,000 SF
Transaction Type:Lease

The leased property in this transaction is a retail space located at 11032 Magnolia Blvd in North Hollywood. The property, with a size of 9,000 square feet, was leased by NewCorp Acquisitions from the Solakian Family Trust. The lease was secured by Scott Schubiner & Steve Bermudez from Haymakers, a commercial real estate brokerage licensed in CA, FL, & NY.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: July 20, 2022
  • Address: 11032 Magnolia Blvd
  • Market: North Hollywood

Haymakers successfully negotiated the lease for NewCorp Acquisitions, allowing them to obtain the necessary permits for operation. The property is situated in the highly walkable and coveted retail section of the NoHo Arts District. This marks the third transaction completed by Haymakers on behalf of the tenant.

Players

Scott Schubiner
Haymakers
Scott Schubiner
3 deals
BROKER
Steve Bermudez
Haymakers
Steve Bermudez
2 deals
BROKER
SF
Solakian Family
2 deals
LANDLORD
NA
NewCorp Acquisitions
TENANT

Details

LEASED
IMAGE: Scott Schubiner & Steve Bermudez DATE: 07/20/2022 ADDRESS: 11032 Magnolia Blvd. MARKET: North Hollywood ASSET TYPE: Retail LANDLORD: Solakian Family Trust TENANT: NewCorp Acquisitions BROKERS: Scott Schubiner & Steve Bermudez - Haymakers ASKING RENT: $5/ft. ~ SF: 9,000 NOTE FROM BROKERS: Haymakers, a commercial real estate brokerage licensed in CA, FL, & NY, secured a long-term lease of a 2,500 SF building with pylon signage & 6,500 SF adjacent parking lot in the heart of the highly walkable & coveted retail section of the NoHo Arts District. Haymakers successfully negotiated the relocation of a nearby sensitive use, allowing the tenant to obtain its necessary permits for operation. This marks the third transaction completed by Haymakers on behalf of the tenant. www.haymakers.com

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Deal Type
Effective Rent (Annual)

$515,874.57

Total Lease Value

$5,158,745.69

Net Landlord Cash Flow$515,874.57