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451 N La Cienega Blvd, Los ...

DriesVanNoten Leases 9,000 SF Retail Space At 451-463 N La Cienega Blvd, Los Angeles
LEASEDRetail

DriesVanNoten Leases 9,000 SF Retail Space At 451-463 N La Cienega Blvd, Los Angeles

451 N La Cienega Blvd, Los Angeles, CA 90048, USA

Building Size

9,000 SF

Asset Type

Retail

Closing

Sep 14, 2020

AI

The retail property located at 451-463 N La Cienega Blvd in Los Angeles has been leased in an off-market transaction. The property spans 9,000 square feet and was leased by tenant Dries Van Noten. The landlords of the property are Arash Danialifar and Maygol Sarebanha. The lease was facilitated by brokers Shanna Naim, Michael Salove, and David Baker of HelloMSC_LA.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Leased
  • Address: 451-463 N La Cienega Blvd
  • Market: Los Angeles
  • Tenant: Dries Van Noten
  • Landlords: Arash Danialifar, Maygol Sarebanha
  • Brokers: Shanna Naim, Michael Salove, David Baker - HelloMSC_LA
  • Asking Rent: $72/ft.
  • SF: 9,000

The deal involved the collaboration of various parties to successfully lease the property. Shanna Naim, Michael Salove, and David Baker, as representatives of HelloMSC_LA, played a crucial role in facilitating the lease transaction between Dries Van Noten and the landlords, Arash Danialifar and Maygol Sarebanha. The off-market lease was signed and the property has already been opened for business.

Players

Michael Salove

Broker

1 deal

Broker
Ensemble Real Estate
Ensemble Real EstateBrokerage
ENS Realty
ENS RealtyBrokerage
Arash Danialifar

Arash Danialifar

GD Realty Group

Landlord

$114.4M

vol

10 deals

Landlord

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