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1011 North Fuller Avenue, W...

Updated Oct 28, 2024

Hudson Pacific Properties Acquires Industrial Property In West Hollywood For $360M
SOLDIndustrial

Hudson Pacific Properties Acquires Industrial Property In West Hollywood For $360M

1011 North Fuller Avenue, West Hollywood, California 90046, United States

$360,000,000

Building Size

Asset Type

Industrial

Closing

Sep 6, 2022

About this deal

AI

Hudson Pacific Properties has acquired an industrial property located at 1011 North Fuller Avenue in West Hollywood. The property, represented by Victor Coleman, was sold for a total of $360,000,000. This transaction marks a significant investment in the West Hollywood market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $360,000,000
  • Date: 09/07/2022
  • Address: 1011 North Fuller Avenue
  • Market: West Hollywood

The acquisition of this industrial property by Hudson Pacific Properties demonstrates their commitment to expanding their portfolio in the West Hollywood market. This deal was facilitated by Victor Coleman from Hudson Pacific Properties. The transaction brings additional value to the market and signifies the growing interest in industrial properties in the area.

Players

HP
Hudson Pacific PropertiesBuyer

West Hollywood Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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