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
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