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
Market 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93