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501 Deep Valley Dr, Rolling...

Updated Oct 29, 2024

Dayani Partners Acquires Property From Deep Valley Drive LLC For $12.7M In Rolling Hills Estates
SOLDMedical Office

Dayani Partners Acquires Property From Deep Valley Drive LLC For $12.7M In Rolling Hills Estates

501 Deep Valley Dr, Rolling Hills Estat...

$12,700,000

$376/SF

Building Size

33,770 SF

Asset Type

Medical Office

Closing

Nov 20, 2023

About this deal

AI

The property involved in the transaction is a medical office building located at 501 Deep Valley Drive in Rolling Hills Estates. The property was sold for $12,700,000. The building encompasses 33,770 square feet and is currently occupied by UCLA Health, which occupies 77 percent of the four-story structure. The market for this property is identified as Rolling Hills Estates.

Summary of transaction details:

  • Property Type: Medical Office Building
  • Transaction Amount: $12,700,000
  • Address: 501 Deep Valley Dr, Rolling Hills Estates
  • Square Footage: 33,770
  • Seller: Deep Valley Drive LLC
  • Buyer: Dayani Partners
  • Seller's Representatives: Ken White (Newmark), Kevin Shannon (Newmark)

In this transaction, NKF Capital Markets facilitated the sale, with Sean Fulp, Michael Moore, Ken White, and Kevin Shannon representing the seller, Deep Valley Drive LLC. Dayani Partners operated as the self-represented buyer in the deal.

On the Map

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$12,700,000

$376/SF

Medical Office

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Players

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
DP
Dayani PartnersBuyer
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Rolling Hills Estates Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Deal FAQ

About $376 per square foot on a published $12.7M for 33,770 square feet (2024).

Visit Kevin Shannon to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.25%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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