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8500 Holloway Drive, West H...

TTM Capital Acquires 16,000 SF Property On Holloway Drive For $11M
SOLDDevelopment Site

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

Tyler Mateen

Buyer

$497.5M

vol

8 deals

Buyer

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