Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Sale
- Transaction Amount: $148,000,000.00
- Address: 5550 Hollywood BLVD, Los Angeles, C...
- Market: Los Angeles
- Seller's Representatives: Manfred Schaub, Cushman & Wakefield; Marc Renard, Cushman & Wakefield
- Buyer: Vanbarton Group
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.
On the Map
$148,000,000
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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