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
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Asset Type
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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:
- 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.
Players
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