Updated Oct 28, 2024
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
West Hollywood Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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