facebook

traded

+ Submit
Home

/

Deals

/

California

/

Development Site

/

Sale

/

4773 Hollywood Boulevard

Lewis Family Acquires Development Site On Hollywood Boulevard For $8.5M With Brokers Dario Svidler, Almog Strikowski, And Jon Emrani
SOLDDevelopment Site

Lewis Family Acquires Development Site On Hollywood Boulevard For $8.5M With Brokers Dario Svidler, Almog Strikowski, And Jon Emrani

4773 Hollywood Boulevard

$8,500,000

$298/SF

Building Size

28,498 SF

Asset Type

Development Site

Closing

Mar 30, 2023

AI

Located at 4773 Hollywood Boulevard in Los Angeles, this development site was recently sold in a closed transaction. The property spans a total of 28,498 square feet, with a price per square foot of $298. The sale price for this transaction amounted to $8,500,000. The buyer in this deal was the Lewis Family, while the seller was Tam Ho. The transaction was facilitated by Dario Svidler and Almog Strikowski from PartnersCRE, along with Jon Emrani from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,500,000
  • Square Footage: 28,498
  • Price per Square Foot: $298
  • Buyer: Lewis Family
  • Seller: Tam Ho
  • Brokers: Dario Svidler & Almog Strikowski - PartnersCRE; Jon Emrani - Marcus & Millichap

The Lewis Family successfully acquired this development site on Hollywood Boulevard. The transaction was facilitated by Dario Svidler and Almog Strikowski from PartnersCRE, along with Jon Emrani from Marcus & Millichap. This deal showcases the collaboration between buyers, sellers, and brokers in the Los Angeles real estate market.

Players

Dario Svidler

Partners CRE

Broker

$200M

vol

31 deals

Broker

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93