Updated Oct 29, 2024
Amir Development Secures $20M Loan For Medical Office At 8750 Wilshire Blvd In Los Angeles
8750 Wilshire Boulevard, Los Angeles, California 90010, United States
$20,000,000
$158,730/SF
Building Size
126 SF
Asset Type
—
Closing
Dec 23, 2022
About this deal
AI
A medical office located at 8750 Wilshire Blvd in Los Angeles has been involved in a closed transaction. The property spans 126,567 square feet and is owned by Amir Development. The deal was facilitated by broker Ory Schwartz from Northmarq. The transaction took place on December 23, 2022.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $20,000,000
- Address: 8750 Wilshire Blvd
- Market: Los Angeles
- Broker: Ory Schwartz - Northmarq
The involvement of Ory Schwartz from Northmarq as the broker showcases their representation of the parties involved in this transaction. The presence of a knowledgeable broker like Ory Schwartz ensures smooth negotiations and a successful deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93