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:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Jon Slavet
- Tenant: Andrew Sinclair - Mad Lab Coffee
- Landlord's Rep: Christine Nebiar & Taryn Brandes - Brand Urban
- Tenant's Rep: Dan Fagan & Richard Cheng - Urbanlime Real Estate
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
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