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:
- Property Type: Land
- Transaction Amount: $99,000,000.00
- Address: 6677 Santa Monica Blvd
- Market: Los Angeles
- Square Footage: 113,907.0
- Buyer: Avalon Hollywood LP
- Seller: Tinseltown Studios LLC
- Brokers Involved: Jeff Luster, Joe Bolognese, Anthony Muhlstein (Newmark), Peter Sherman (Avison Young), Curtis Palmer
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
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