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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 712 S Olive St, Los Angeles, CA, 90014
- Market: Los Angeles
- Square Feet: 31,153
- Landlord: Atlas Capital
- Tenant: Johnny Was
- Landlord's Rep: McKenna Gaskill - Cushman & Wakefield
- Brokers: Brittany Winn - Cushman & Wakefield
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
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