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605 South Santa Fe Avenue

PJ Hundred Corp. Leases 7,456 SF Retail Space At 605 South Santa Fe Avenue In Los Angeles
LEASEDRetail

PJ Hundred Corp. Leases 7,456 SF Retail Space At 605 South Santa Fe Avenue In Los Angeles

605 South Santa Fe Avenue

$2

$2/SF

Building Size

7,456 SF

Asset Type

Retail

Closing

Nov 1, 2024

AI

The property asset involved in the transaction is a retail space located at 605 South Santa Fe Avenue in the Los Angeles market. The asking rent for the space is $3.50 per square foot, with a total area of 7,456 square feet. This lease is structured as a Modified Gross Lease.

Summary of transaction details:

The key individuals involved in this transaction include brokers Steve Ravan and Mane Ajaryan, who represent South Park Group in the leasing deal for the retail space. The landlord for this property is PJ Hundred Corp.

Players

Steve Ravan

South Park Group

Broker

$83M

vol

17 deals

Broker

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