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8826 West Pico Boulevard

The Bacon Guys And La Gondola Acquire Restaurant In Beverlywood, Los Angeles
LEASEDRetail

The Bacon Guys And La Gondola Acquire Restaurant In Beverlywood, Los Angeles

8826 West Pico Boulevard

$3

$3/SF

Building Size

3,200 SF

Asset Type

Retail

Closing

Sep 15, 2022

AI

The Bacon Guys and La Gondola have signed a lease for a restaurant space located at 8826 W Pico Blvd in the Beverlywood neighborhood of Los Angeles. The property, measuring 3,200 square feet, was leased from landlord David Hecht. The lease transaction was facilitated by broker Sam Shakerchi from Compass. The asking rent for the space was $3.50 per square foot.

Summary of transaction details

  • Property Type: Restaurant
  • Transaction Amount: Not applicable
  • Address: 8826 W Pico Blvd, Beverlywood, Los Angeles
  • Market: Beverlywood, Los Angeles
  • Landlord: David Hecht
  • Tenants: The Bacon Guys, La Gondola
  • Brokers: Sam Shakerchi - Compass
  • Asking Rent: $3.50 per square foot, for a total of $11,200 per month.

This lease deal was a collaboration between two tenants, The Bacon Guys and La Gondola, who will be operating the restaurant at the leased space. The landlord, David Hecht, worked with broker Sam Shakerchi from Compass to facilitate the transaction. The lease was signed for the 3,200 square feet property located at 8826 W Pico Blvd in Beverlywood, Los Angeles.

Players

Sam Shakerchi

Compass

Broker

$48.9M

vol

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

5287666.67%

Cash-on-Cash

-1511231.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93