Love Genesis Leases Office Space From Shlomo Goodman In Hollywood Transaction
721 South 21st Avenue
$35
$35/SF
Building Size
2,450 SF
Asset Type
Office
Closing
Jun 15, 2024
About this deal
AI
The office property located at 721 South 21st Avenue in Hollywood, spanning 2,450 square feet, was leased to Love Genesis. The lease, facilitated by Wharton Realty Group LLC's Adi Gal, involved an asking rent of $35 per square foot and has a term of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Landlord: Shlomo Goodman
- Tenant: Love Genesis
- Broker: Adi Gal - Wharton Realty Group LLC
- Address: 721 South 21st Avenue
- Market: Hollywood
- Asking Rent: $35/ft.
- Lease Term: 5 years
Adi Gal from Wharton Realty Group LLC brokered the lease deal between the landlord, Shlomo Goodman, and the tenant, Love Genesis. The transaction showcases the collaborative effort of these key individuals and companies in securing the long-term lease agreement for the office space.
Players
Hollywood Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93