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3321 La Cienega BLVD, Los A...

CBRE Represents Carmel Partners In 50,000 SF Retail Lease In Los Angeles
LEASEDRetail

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

Timothy L. Bower

CBRE

Broker

$91M

vol

2 deals

Broker
Carmel Partners
Carmel PartnersLandlord

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