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1119 South Hope Street, Los...

Onpoint Testing Incorporated Leases Retail Space At 1119 S. Hope St. In Los Angeles
LEASEDRetail

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

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 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