Updated Oct 29, 2024
Cain International And Alagem Capital Group Acquire One Beverly Hills Condo For $420M
9900 Wilshire Boulevard, Beverly Hills, CA 90210, USA
$420,000,000
$918/SF
Building Size
457,073 SF
Asset Type
—
Closing
Nov 15, 2018
About this deal
AI
9900 Wilshire Blvd., also known as One Beverly Hills, is a condominium located in Beverly Hills. The property is currently in contract for sale.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $420,000,000
- Market: Beverly Hills
- Buyer: Cain International and Alagem Capital Group
- Seller: Dalian Wanda Group
The buyer, represented by Cain International and Alagem Capital Group, is set to acquire One Beverly Hills from the seller, Dalian Wanda Group.
One Beverly Hills has approved plans for 193 condos and 134 hotel rooms.
Players
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93