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755 South Spring Street

Sentral Leases Retail Space To Mad Lab Coffee At 755 South Spring Street, Los Angeles
LEASEDRetail

Sentral Leases Retail Space To Mad Lab Coffee At 755 South Spring Street, Los Angeles

755 South Spring Street

Building Size

1,210 SF

Asset Type

Retail

Closing

Mar 8, 2024

AI

The retail property located at 755 South Spring Street in Los Angeles spans 1,210 square feet and was leased by Sentral to Mad Lab Coffee. The agreement was facilitated by Brand Urban on behalf of Sentral and Urban Lime representing Mad Lab Coffee.

Summary of transaction details:

Sentral DTLA 755 leased the ground-floor space to Mad Lab Coffee, enhancing the local experience focus of Sentral. The new 1,210-square-foot location will serve as Mad Lab's fifth storefront, scheduled to open in the spring.

Players

Christine Nebiar

Brand Urban

Broker

3 deals

Broker

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