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700 N San Vicente BLVD, Wes...

One Iota Leases Office At 700 N San Vicente Blvd, West Hollywood
LEASEDOffice

One Iota Leases Office At 700 N San Vicente Blvd, West Hollywood

700 N San Vicente BLVD, West Hollyw...

$4

$4/SF

Building Size

8,000 SF

Asset Type

Office

Closing

Jun 10, 2018

AI

The office located at 700 N San Vicente Blvd in West Hollywood, part of the Hewitt market, was leased on June 10th, 2018. The 8000 square feet office space was leased by One Iota, represented by Michael Shuken from Savills, at a rate of $4 per square foot from the landlord, Cohen Brothers Realty Corporation.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: One Iota
  • Tenant's Rep: Michael Shuken (Savills)
  • Landlord: Cohen Brothers Realty Corporation
  • Market: Hewitt
  • Rent/SF: $4
  • Square Feet: 8000
  • Address: 700 N San Vicente Blvd, West Hollywood

One Iota, a tenant in the Hewitt market, was represented by Michael Shuken from Savills in leasing the 8000 square feet office space at 700 N San Vicente Blvd from Cohen Brothers Realty Corporation, showcasing the key individuals and companies involved in the transaction.

Players

Michael Shuken

Savills

Broker

$11.6M

vol

5 deals

Broker

Cohen Brothers

Cohen Brothers Realty

Landlord

15 deals

Landlord

Hewitt 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

3965750.00%

Cash-on-Cash

-1133423.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93