Updated Oct 28, 2024
CRTFD Leases Flagship Retail Space At 5253 W Adams Blvd In Los Angeles
5253 W Adams Blvd, Los Angeles, CA 90016, USA
Building Size
10,000 SF
Asset Type
Retail
Closing
Nov 10, 2022
About this deal
AI
The retail property located at 5253 W Adams Blvd in Los Angeles, CA has been leased. The property, with a total area of 10,000 square feet, was leased by CRTFD, a lifestyle brand. The lease was facilitated by Scott Schubiner from Haymakers Commercial Real Estate, who represented CRTFD, and Daniel Zarosim from Douglas Elliman, who represented the landlord, Steve Yablok.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 5253 W Adams Blvd, Los Angeles, CA
- Tenant: CRTFD
- Tenant's Representative: Scott Schubiner - Haymakers Commercial Real Estate
- Landlord: Steve Yablok
- Landlord's Representative: Daniel Zarosim - Douglas Elliman
Haymakers' Scott Schubiner represented CRTFD in leasing its first retail location. The brand plans to convert a former playhouse into an experiential retail space with a cafe, event space, and dedicated parking. Daniel Zarosim, representing the landlord, assisted in finalizing the lease agreement.
Players
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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