facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Lease

/

646 North Robertson Boulevard

Wild West Social House Leases Retail Space At 646 North Robertson Boulevard For 5 Years
LEASEDRetail

Wild West Social House Leases Retail Space At 646 North Robertson Boulevard For 5 Years

646 North Robertson Boulevard

$6

$6/SF

Building Size

5,811 SF

Asset Type

Retail

Closing

Aug 1, 2024

AI

The property asset involved in this transaction is located at 646 North Robertson Boulevard in West Hollywood. It is a retail space with a square footage of 5,811 and has an asking rent of $6 per square foot. The lease type is a Single Net Lease with a lease term of 5 years. This location has historical significance, as it was formerly the home to The Hollywood Foreign Press.

Summary of transation details:

The key individuals and companies involved in this transaction include Carly Geller and Jay Luchs from Newmark, who represent the landlord, and Charlie Shulman from Blue Jay Properties, representing the tenant. Their roles are crucial in facilitating the lease agreement for this significant retail space.

Players

Carly Geller

Newmark

Broker

10 deals

Broker

West Hollywood Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2643833.33%

Cash-on-Cash

-755615.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93