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6677 Santa Monica Blvd

Avalon Hollywood LP Acquires Land From Tinseltown Studios LLC For $99 Million In Los Angeles
SOLDLand

Avalon Hollywood LP Acquires Land From Tinseltown Studios LLC For $99 Million In Los Angeles

6677 Santa Monica Blvd

$99,000,000

$869/SF

Building Size

113,907 SF

Asset Type

Land

Closing

Jul 16, 2015

AI

The transaction involved the sale of a land asset located at 6677 Santa Monica Blvd, in the Los Angeles market. The property was sold for a total amount of $99,000,000.00 and spans a square footage of 113,907.0.

Summary of transaction details:

The key individuals involved in this transaction include the buyer, Avalon Hollywood LP, and the seller, Tinseltown Studios LLC, each represented by various brokers throughout the deal. The broker representation involved Anthony Muhlstein from Newmark, and Peter Sherman from Avison Young, among others, who facilitated the transaction process.

Players

Anthony Muhlstein

Newmark

Broker

$1.1B

vol

25 deals

Broker
AL
Avalon Hollywood LPBuyer
TL
Tinseltown Studios LLCSeller

Los Angeles Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93