Kazuko Morgan And Carine Mamann Of Cushman & Wakefield Lease Retail Space In Beverly Hills
311 North Beverly Drive
$240
$240/SF
Building Size
2,143 SF
Asset Type
Retail
Closing
Apr 15, 2025
AI
The property involved in the transaction is a retail asset located at 311 North Beverly Drive in Beverly Hills. It has a square footage of 2,143 and was leased at an asking rent of $240 per square foot. The lease term is set for 10 years, classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240/ft
- Square Footage: 2,143
- Address: 311 North Beverly Drive
- Market: Beverly Hills
- Lease Term: 10 years
- Lease Type: Single Net Lease
- Landlord's Representative: Jordan Wheeler & Dennis Dillon - JW Capital Management
- Tenant's Representative: Kazuko Morgan & Carine Mamann - Cushman & Wakefield
This lease transaction involved key representatives from both sides, with Jordan Wheeler and Dennis Dillon representing the landlord through JW Capital Management. On the tenant's side, Kazuko Morgan and Carine Mamann represented the tenant under Cushman & Wakefield, facilitating the terms of the agreement.
Players
Beverly Hills 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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93