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57 Beverly Park Street, Bev...

Todd Stein Of Campbell Wellman Properties Sells Beverly Hills Land For $28M
SOLD

Todd Stein Of Campbell Wellman Properties Sells Beverly Hills Land For $28M

57 Beverly Park Street, Beverly Hills, California 90210, United States

$28,000,000

Building Size

Asset Type

Closing

Sep 8, 2022

AI

Located in the prestigious Beverly Hills market, a 2.9-acre land property at 57 North Beverly Park has been sold for a staggering price of $28,000,000. This expansive parcel of land offers a blank canvas for potential development and showcases the immense potential for new construction projects. The transaction took place on September 9, 2022, and was facilitated by Todd Stein from Campbell Wellman Properties.

Summary of transation details

  • Property Type: Land
  • Transaction Amount: $28,000,000
  • Market: Beverly Hills
  • Address: 57 North Beverly Park
  • Asset Type: Land
  • ACRES: 2.9

Todd Stein, representing Campbell Wellman Properties, played a pivotal role as the broker in this deal. With their expertise and negotiation skills, Stein ensured a successful sale at a substantial price. The sale of this prime land asset represents a significant investment opportunity in the desirable Beverly Hills market.

Players

Todd Stein

Campbell Wellman Properties

Broker

$44.9M

vol

2 deals

Broker

Beverly Hills 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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93