Updated Dec 21, 2023
Randall Van Wolfswinkel Acquires Development Site In Trousdale Estates From David Geffen For $33.8M
1169 North Hillcrest Road, Trousdale Estates, Beverly Hills, CA, USA
$33,750,000
$716/SF
Building Size
47,132 SF
Asset Type
Development Site
Closing
Nov 29, 2020
About this deal
AI
David Geffen sold a development site at 1169 Hillcrest Rd. in Trousdale Estates. The property was purchased by Randall Van Wolfswinkel for a price of $33,750,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $33,750,000
- Seller: David Geffen
- Buyer: Randall Van Wolfswinkel
- Market: Trousdale Estates
David Geffen, the seller, successfully sold the development site to Randall Van Wolfswinkel.
The development site sale at 1169 North Hillcrest Road, Trousdale Estates, Beverly Hills, CA, USA in Beverly Hills, California sold for $33.8M in 2020. The building is 47,132 square feet, implying about 716 per square foot on the published price. Named participants on the 1169 North Hillcrest Road, Trousdale Estates, Beverly Hills, CA, USA sale are David Geffen, Randall Van Wolfswinkel. This page is the Beverly Hills, California file for the 1169 North Hillcrest Road, Trousdale Estates, Beverly Hills, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Beverly Hills sit in the Market section below. Filter that Beverly Hills development site set by closing date to see what else sold near 1169 North Hillcrest Road, Trousdale Estates, Beverly Hills, CA, USA around 2020. Published consideration for 1169 North Hillcrest Road, Trousdale Estates, Beverly Hills, CA, USA is $33.8M, dated 2020. Cite this Randall Van Wolfswinkel Acquires Development Site In Trousdale Estates From David Geffen For $33.8M sale when underwriting similar development site product around Beverly Hills, California.
Players
Beverly Hills Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93