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
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