Vanbarton Group Acquires Los Angeles Property From Manfred Schaub And Marc Renard For $148M
SOLD
California
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Vanbarton Group Acquires Los Angeles Property From Manfred Schaub And Marc Renard For $148M
5550 Hollywood BLVD, Los Angeles, C...
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CALIFORNIA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,893,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$525,812.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$701,595.51
Annual Debt Service$8,419,146.07
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