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13633 S Central Ave, Los An...

JLL Represents UPS In 521,816 SF Retail Lease In Los Angeles
LEASEDRetail

JLL Represents UPS In 521,816 SF Retail Lease In Los Angeles

13633 S Central Ave, Los Angeles, CA...

Building Size

521,816 SF

Asset Type

Retail

Closing

Oct 4, 2016

AI

The property involved in this transaction is a retail asset located at 13633 S Central Ave, Los Angeles, CA. The lease spans a substantial 521,816 square feet in the Los Angeles market. UPS has secured a long-term commitment with a lease duration of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 13633 S Central Ave, Los Angeles, CA
  • Square Feet: 521,816
  • Landlord's Representative: Ray Friedman-Elkins Kalt
  • Tenant's Representatives: Mike Fowler-JLL, Tim O'Rourke-JLL
  • Tenant: UPS
  • Date of Lease: 10/04/2016

This lease transaction highlights the involvement of key representatives in the deal, including Ray Friedman from Elkins Kalt representing the landlord, and Mike Fowler and Tim O'Rourke from JLL representing the tenant, UPS. The negotiation reflects the growing demand for logistics space in the region.

Players

Mike Fowler

JLL

Broker

2 deals

Broker
U
UPSTenant

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