facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Lease

/

311 North Beverly Drive

Kazuko Morgan And Carine Mamann Of Cushman & Wakefield Lease Retail Space In Beverly Hills
LEASEDRetail

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

Carine Mamann

Cushman & Wakefield

Broker

$204.4M

vol

9 deals

Broker

Beverly Hills Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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