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
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.
Players
Rolling Hills Estates Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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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