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Pasquale Rotella Of Insomniac Acquires Avalon Theatre In Hollywood From Ligny LLC For $15.7M
SOLD
$15,700,000
California
See Similar DealsCommercial33,400 SF
Sold 09/25/2025
SOLD
Pasquale Rotella Of Insomniac Acquires Avalon Theatre In Hollywood From Ligny LLC For $15.7M
1735 Vine Street
See Similar DealsCommercial33,400 SF
Sold 09/25/2025
Summary
CALIFORNIA
Asset Type:Commercial
Price Per Square Foot:$470
Total Square Footage:33,400 SF
Transaction Type:Sale
A commercial property located at 1735 Vine Street in Hollywood has been sold for $15.7 million. The asset spans a total of 33,400 square feet, with a price per square foot of $470.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $15,700,000
- Buyer: Pasquale Rotella - Insomniac
- Seller: Ligny LLC
- Broker: Jason Lamoreaux - Coldwell Banker Commercial
- Market: Hollywood
- Square Footage: 33,400
- Price Per Square Foot: $470
Pasquale Rotella, representing Insomniac Entertainment, has acquired the Avalon Theatre in Hollywood, marking the first sale of the property in 50 years. Jason Lamoreaux of Coldwell Banker Commercial facilitated the transaction, representing both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$837,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,426.01
Annual Debt Service$893,112.12
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