A24 Leases Office Space At 750 N San Vicente Blvd In Hewitt
750 N San Vicente BLVD, West Hollyw...
Building Size
22,000 SF
Asset Type
Office
Closing
Sep 21, 2018
About this deal
AI
The office property located at 750 N San Vicente Blvd in West Hollywood was leased on September 21, 2018. The asset spans 22,000 square feet in the Hewitt market, with a rental rate of $6 per square foot. The tenant, A24, was represented by Robert (Bobby) Cavaiola from Savills, while the landlord was Cohen Brothers Realty Corp.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 750 N San Vicente Blvd, West Hollyw...
- Market: Hewitt
- Tenant: A24
- Tenant's Rep: Robert (Bobby) Cavaiola (Savills)
- Landlord: Cohen Brothers Realty Corp.
- Rent/SF: $6
- Square Feet: 22,000
Robert (Bobby) Cavaiola from Savills played a pivotal role as the tenant's representative in the leasing deal, effectively negotiating the terms on behalf of A24. On the other side, Cohen Brothers Realty Corp., the landlord, successfully secured a lease agreement for their property at the specified rental rate.
On the Map
Office
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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
2643833.33%
Cash-on-Cash
-755615.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93