TTM Capital Acquires 16,000 SF Property On Holloway Drive For $11M
8500 Holloway Drive, West Hollywood, CA 90069
$11,000,000
$687/SF
Building Size
16,000 SF
Asset Type
Development Site
Closing
Nov 17, 2021
AI
The property located at 8500 Holloway Drive has been sold in a transaction. The buyer of the property is TTM Capital, represented by Tyler Mateen, while the seller is the Azria Family Trust. The sale price for the property was $11,000,000.
Summary of transation details
- Property Type: Sale
- Transaction Amount: $11,000,000
- Address: 8500 Holloway Drive
Tyler Mateen of TTM Capital acquired the property, and it spans over 16,000 square feet. The price per square foot for the property amounts to $685. It is worth noting that Mateen has plans to develop a high-end shopping center on the corner of Holloway and La Cienega, utilizing three adjacent lots near the sunset strip.
Players
West Hollywood 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93