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5550 Hollywood BLVD, Los An...

Vanbarton Group Acquires Los Angeles Property From Manfred Schaub And Marc Renard For $148M
SOLD

Vanbarton Group Acquires Los Angeles Property From Manfred Schaub And Marc Renard For $148M

5550 Hollywood BLVD, Los Angeles, C...

$148,000,000

Building Size

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 5550 Hollywood BLVD, Los Angeles, California. The transaction occurred in the Los Angeles market with a total sale price of $148,000,000. The property has a square footage of 0.

Summary of transaction details:

The transaction was represented by Manfred Schaub and Marc Renard from Cushman & Wakefield, both acting as the seller's representatives in this deal. Vanbarton Group is identified as the buyer of the property.

Players

Manfred Schaub

Cushman & Wakefield

Broker

$522M

vol

4 deals

Broker
Vanbarton Group
Vanbarton GroupBrokerage
Vanbarton Group
Vanbarton GroupBuyer

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93