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8311 Lincoln Blvd, Los Ange...

The Nook Breakfast Spot Leases Retail Space At 8311-13 Lincoln Blvd, Los Angeles, CA
LEASEDRetail

The Nook Breakfast Spot Leases Retail Space At 8311-13 Lincoln Blvd, Los Angeles, CA

8311 Lincoln Blvd, Los Angeles, California 90045, United States

Building Size

3,035 SF

Asset Type

Retail

Closing

Sep 28, 2022

AI

The Nook Breakfast Spot has signed a lease for a retail space located at 8311-13 Lincoln Blvd in Los Angeles, CA. The property, owned by T.C. Real Estate, has an asking rent of $4 per square foot and a total area of 3,035 square feet. The lease transaction was finalized on September 29, 2022.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $4/ft.
  • Total Square Footage: 3,035
  • Date: 09/29/2022
  • Address: 8311-13 Lincoln Blvd, Los Angeles, CA
  • Market: Los Angeles, CA

The Nook Breakfast Spot was represented by Allen Kirschbaum from Saddleback Realty & Mortgage. On the other hand, Justin Seigel and Doug Rickard from ADR Preferred Business Properties acted as the landlord's representatives for T.C. Real Estate.

Players

Justin Seigel

ADR Preferred Business Properties

Broker

$29.5M

vol

13 deals

Broker
TE
T.C. Real EstateLandlord
TS
The Nook Breakfast SpotTenant

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