SOLDDevelopment Site
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
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.
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