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CRTFD Leases Flagship Retail Space At 5253 W Adams Blvd In Los Angeles

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LEASED

California

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Retail10,000 SF
Leased 11/10/2022
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LEASED

CRTFD Leases Flagship Retail Space At 5253 W Adams Blvd In Los Angeles

5253 W Adams Blvd, Los Angeles, CA 90016, USA

See Similar Deals
Retail10,000 SF
Leased 11/10/2022
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:10,000 SF
Transaction Type:Lease

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.

Details

LEASED
IMAGE: Scott Schubiner & Daniel Zarosim DATE: 11/10/2022 ADDRESS: 5253 W Adams Blvd MARKET: Los Angeles, CA ASSET TYPE: Retail LANDLORD: Steve Yablok TENANT: CRTFD (@Crtfd) LANDLORD'S REP: Daniel Zarosim (@TheDanielZarosim) - Douglas Elliman TENANT'S REP: Scott Schubiner - Haymakers Commercial Real Estate ASKING RENT: $2/ft. ~ SF: 10,000 NOTE FROM BROKER: Haymakers' Scott Schubiner represented CRTFD (@crtfd) in leasing its first retail location for the brand's flagship store. CRTFD is a lifestyle brand converting a former playhouse into experiential retail with a cafe, event space, and dedicated parking. Douglas Elliman's Daniel Zarosim represented the landlord.

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Deal Type
Effective Rent (Annual)

$2,774,258.79

Total Lease Value

$27,742,587.93

Net Landlord Cash Flow$2,774,258.79