Updated Oct 29, 2024
CRTFD Leases Flagship Retail Location In Los Angeles With Haymakers Commercial Real Estate Brokers
5253 West Adams Boulevard, Los Angeles, California 90016, United States
$2
$2/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Nov 10, 2022
About this deal
AI
Located at 5253 W Adams Blvd in Los Angeles, CA, this retail property has recently been leased. The lease was facilitated by Scott Schubiner from Haymakers Commercial Real Estate, representing the tenant, CRTFD. Daniel Zarosim from Douglas Elliman acted as the landlord's representative in the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 11/10/2022
- Market: Los Angeles, CA
- Asking Rent: $2/ft.
- Square Footage: 10,000 SF
This lease is significant as it marks CRTFD's first retail location for their flagship store. CRTFD, a lifestyle brand, is transforming a former playhouse into an experiential retail space with a café, event area, and designated parking. The landlord, Steve Yablok, saw the potential in partnering with CRTFD and was represented by Daniel Zarosim of Douglas Elliman.
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
7931500.00%
Cash-on-Cash
-2266847.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93