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
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