Updated Oct 25, 2024
Drake Acquires Robbie Williams' SFR In Beverly Hills For $85M
Beverly Hills, California, United States
$85,000,000
$3,400/SF
Building Size
25,000 SF
Asset Type
—
Closing
Jan 3, 2022
About this deal
AI
Drake is set to buy a stunning SFR property located in Beverly Hills. The property spans across 20 acres and boasts a spacious 25,000 square feet of living space. The sale is currently in contract and the approximate sale price is a whopping $85,000,000, which translates to a price per square foot of $3,400. The property is located in the highly desirable market of Beverly Hills, known for its luxurious properties.
Summary of transaction details:
- Property Type: Single Family Residential (SFR)
- Transaction Amount: $85,000,000
- Market: Beverly Hills
- Acres: 20
Drake will be represented by Marc Bretter from Maywood Property Group, while the seller, Robbie Williams, will be represented by Kurt Rappaport from Westside Estate Agency. The involvement of these prominent individuals in the deal adds further excitement to this high-profile transaction.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93