Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $3.50/ft
- Square Footage: 7,456 SF
- Address: 605 South Santa Fe Avenue
- Market: Los Angeles
- Landlord: PJ Hundred Corp.
- Brokers: Steve Ravan & Mane Ajaryan - South Park Group
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.
On the Map
$2
$2/SF
Retail
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Players
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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