CBRE Represents Carmel Partners In 50,000 SF Retail Lease In Los Angeles
3321 La Cienega BLVD, Los Angeles...
Building Size
50,000 SF
Asset Type
Retail
Closing
Aug 1, 2019
AI
Located at 3321 La Cienega BLVD, Los Angeles, the retail property spans 50,000 square feet. The landlord, Carmel Partners, facilitated a lease transaction for this asset on August 1, 2019. The property is situated in the bustling market of Los Angeles, making it a prime location for retail operations.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
- Landlord's Representative: Timothy L. Bower (CBRE), Zachary Card (CBRE)
The deal was successfully brokered with the assistance of Timothy L. Bower and Zachary Card from CBRE, representing the landlord, Carmel Partners. Their expertise and negotiation skills played a crucial role in finalizing this lease agreement for the retail property.
Players
Los Angeles 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93