Ben Hemminger Of Fashionphile Leases 32,330 SF Retail Space From Jeff Goldberger In Los Angeles
767 South Alameda Street
Building Size
32,330 SF
Asset Type
Retail
Closing
Oct 1, 2025
AI
The property asset involved is a retail space located at 767 South Alameda Street, Los Angeles, comprising a total of 32,330 square feet. This location is being leveraged by Fashionphile as their largest West Coast flagship.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 767 South Alameda Street
- Market: Los Angeles
- Landlord: Jeff Goldberger - Atlas Capital
- Tenant: Ben Hemminger - Fashionphile
Jeff Goldberger represents Atlas Capital in the lease agreement with tenant Ben Hemminger, who is establishing a new concept flagship for Fashionphile. This move will consolidate Fashionphile's operations, replacing their existing distribution across multiple leases.
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