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12775 Millennium Dr, Los An...

Sender One Leases Retail Space In Playa Vista From Invesco Real Estate
LEASEDRetail

Sender One Leases Retail Space In Playa Vista From Invesco Real Estate

12775 Millennium Dr, Los Angeles, CA...

Building Size

6,992 SF

Asset Type

Retail

Closing

Apr 29, 2019

AI

The property at 12775 Millennium Dr, Los Angeles, CA is a retail asset located in the Playa Vista market. The property spans 6,992 square feet and was leased on 04/29/2019. The landlord, Invesco Real Estate, represented by Stenn Parton, facilitated the lease with the tenant, Sender One.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 12775 Millennium Dr, Los Angeles, CA
  • Market: Playa Vista

Sender One, a tenant looking to secure a retail space, finalized a lease agreement with Invesco Real Estate for the property. Stenn Parton acted as the landlord's representative in the transaction, ensuring a smooth lease process for both parties involved.

Players

Stenn Parton

Broker

$530M

vol

2 deals

Broker
Invesco Real Estate
Invesco Real EstateLender
Invesco Real Estate
Invesco Real EstateLandlord

Playa Vista 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