Updated May 12, 2025
Skanska USA Acquires Development Site In Beverly Hills For $16M
8633 Wilshire Blvd, Beverly Hills, Ca, Usa
$16,000,000
$363/SF
Building Size
44,000 SF
Asset Type
Development Site
Closing
Dec 21, 2020
About this deal
AI
The asset involved in this transaction is a development site located at 8633 Wilshire Blvd., Beverly Hills. It was sold for $16,000,000, encompassing 44,000 square feet, resulting in a price per square foot of $363.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $16,000,000
- Address: 8633 Wilshire Blvd.
- Market: Beverly Hills
- Building Square Feet: 44,000
- Price per Building Square Foot: $363
- Buyer: @SkanskaUSA
- Seller: Amir Dar - Enzo Equities
- Seller: Isaac Gabai - IAG Capital
- Seller: Adam Emrani - Lucent Capital
- Transaction Date: 12/22/2020
The deal was represented by Amir Dar, Isaac Gabai, and Adam Emrani, highlighting their roles in facilitating the transaction while working on behalf of their respective firms, Enzo Equities, IAG Capital, and Lucent Capital.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93