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201 Lincoln Boulevard

Axiom Retail Advisors Facilitates 15,000 SF Lease For DSW At Lincoln & Rose Shopping Center In Venice, CA
LEASEDRetail

Axiom Retail Advisors Facilitates 15,000 SF Lease For DSW At Lincoln & Rose Shopping Center In Venice, CA

201 Lincoln Boulevard

Building Size

15,000 SF

Asset Type

Retail

Closing

Jan 30, 2024

AI

The Lincoln & Rose Shopping Center in Venice, CA has seen a major boost in its retail landscape with the addition of a new tenant. A 15,000-square-foot retail space has been leased by DSW, Inc., facilitated by Axiom Retail Advisors. The lease brings DSW into the former 99 Cents Only space within the Whole Foods-anchored center, ensuring long-term stability for both parties.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 201 Lincoln Boulevard
  • Market: Venice

Representing the landlord, Nadia Gilmore of Combined Properties spearheaded the lease agreement. Bryan Norcott of Newmark, along with Lea Clay Park and Stephanie Skrbin of Axiom Retail Advisors, acted as the landlord's representatives in the deal. Tom Gyulay of Sage Retail Group served as the tenant's representative, assisting Doug Howe, the tenant and representative of DSW, Inc.

Axiom Retail Advisors played a crucial role in negotiating the lease, ensuring the successful entry of DSW into the Lincoln & Rose Shopping Center. This transaction brings a new dimension to the retail offerings at the center, benefiting both DSW and the local community.

Players

Lea Clay Park

Axiom Retail Advisors

Broker

$2.7M

vol

3 deals

Broker

Venice 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