Onpoint Testing Incorporated Leases Retail Space At 1119 S. Hope St. In Los Angeles
1119 South Hope Street, Los Angeles, California 90015, United States
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 21, 2022
AI
The retail property at 1119 S. Hope St. in Los Angeles has been leased. The transaction was completed on 12/20/2021. Onpoint Testing Incorporated has become the tenant of the retail space, which spans approximately 1,500 square feet. The landlord in the deal is Jay Pey. The lease was facilitated by Fred Nabati and Morris Peykar of Trimax Realty, Inc. The asking rent for the property was $4.34 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1119 S. Hope St., Los Angeles
- Tenant: Onpoint Testing Incorporated
- Landlord: Jay Pey
- Brokers: Fred Nabati & Morris Peykar - Trimax Realty, Inc.
- Asking Rent: $4.34/ft.
- Square Footage: 1,500
- Market: Los Angeles
Players
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