The Harkham Family Sells Property At 360 N Rodeo Dr Beverly Hills For $200 Million
360 N Rodeo Dr, Beverly Hills, CA, 90...
$200,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 15, 2021
AI
360 N Rodeo Dr, Beverly Hills, CA was sold in a transaction valued at $200,000,000. The property is situated in the Beverly Hills market and has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $200,000,000.00
- Address: 360 N Rodeo Dr, Beverly Hills, CA
- Market: Beverly Hills
- Seller: The Harkham Family
- Buyer's Identity: Unknown
- Seller's Representative: Houman Mahboubi, James Stockdale & John Strauss - JLL
- Brokers: Marc Schillinger - JLL, Jay Luchs - Newmark
The transaction involved key players from JLL and Newmark, with multiple representatives engaged in facilitating the sale. Houman Mahboubi, James Stockdale, and John Strauss from JLL represented the seller, while brokers Marc Schillinger from JLL and Jay Luchs from Newmark were crucial in the deal, contributing their expertise in the Beverly Hills market.
Players
Beverly Hills Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93