Vallarta Supermarkets Leases 85653 Square Feet At 8201 Topanga Canyon Blvd With Carol Springstead As Tenant's Rep
8201 Topanga Canyon BLVD, Los Ange...
Building Size
85,653 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 8201 Topanga Canyon Blvd, Los Angeles. The asset consists of a total of 85,653 square feet and is occupied by Vallarta Supermarkets. The landlord for this deal is Auburndale Properties, Inc.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 85,653
- Address: 8201 Topanga Canyon Blvd, Los Angeles
- Tenant: Vallarta Supermarkets
- Landlord: Auburndale Properties, Inc
- Tenant's Representative: Carol Springstead - Springstead & Associates
- Landlord's Representatives: Mark Baziak, Geoff Foley - Newmark Knight Frank
The transaction involves key representatives for both the tenant and landlord. Carol Springstead represents Vallarta Supermarkets, while Mark Baziak and Geoff Foley represent Auburndale Properties, Inc in this lease agreement.
Players
Market 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