1612 N. Cahuenga Blvd
LOS ANGELES, CA 90028
CAP RATE CURRENT/PRO FORMA:
PRICE PER SF BUILDING:
PRICE PER SF LAND:
Record Breaking Price Per SF "Cahuenga Corridor"
Negotiated a Five Year Sale Lease Back
$500,000 Pass Through Non-Contingent Offer
Over 35% Upside in Rents
Month to Month Leases ( 2 Tenants )
New Sale Lease Back Between Tenant and Owner For $25,000 Per Month 5 Years with 5 Year Option - 3% Annual Increases
Multiple Liquor Licenses for La Velvet Margarita
Prime Cahuenga Corridor Location
The Hirth group is please to announce another successful closing. Through our extensive marketing we were able to procure multiple offers resulting in a non-contingent offer with $500,000 passed through to the seller upon the opening of escrow. This was a RECORD BREAKING price per SF for the famous "Cahuenga Corridor" of $833. Additionally our team was able to successfully negotiate a sale lease back between the seller and the new owners.