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712 S Olive St, Los Angeles...

Atlas Capital Leases 31153 Square Feet To Johnny Was At 712 S Olive St Los Angeles
LEASEDRetail

Atlas Capital Leases 31153 Square Feet To Johnny Was At 712 S Olive St Los Angeles

712 S Olive St, Los Angeles, CA, 90014

Building Size

31,153 SF

Asset Type

Retail

Closing

Nov 15, 2021

AI

This lease transaction involves a property located at 712 S Olive St, Los Angeles, CA, 90014. The total square footage of the property is 31,153, and it is situated in the Los Angeles market.

Summary of transaction details:

The transaction highlights the role of Atlas Capital as the landlord and Johnny Was as the tenant. Representation for the landlord was provided by McKenna Gaskill from Cushman & Wakefield, while Brittany Winn, also from Cushman & Wakefield, acted as the broker for this deal.

Players

McKenna Gaskill

Cushman & Wakefield

Broker

$120.4M

vol

5 deals

Broker
Atlas Capital Group
Atlas Capital GroupLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93