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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 646 North Robertson Boulevard
- Market: West Hollywood
- Tenant: Wild West Social House
- Landlord's Representative: Carly Geller & Jay Luchs - Newmark
- Tenant's Representative: Charlie Shulman - Blue Jay Properties
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
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