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825 North San Vicente Boule...

Triangle Ventures Purchases Medical Office In West Hollywood From Robert Herscu For $31M
SOLDMedical Office

Triangle Ventures Purchases Medical Office In West Hollywood From Robert Herscu For $31M

825 North San Vicente Boulevard

$31,000,000

$1,148/SF

Building Size

27,000 SF

Asset Type

Medical Office

Closing

Mar 27, 2025

AI

A medical office building located at 825 North San Vicente Boulevard in West Hollywood has been sold for $31,000,000. The property encompasses approximately 27,000 square feet, resulting in a price per square foot of $1,148.

Summary of transation details:

  • Property Type: Medical Office
  • Transaction Amount: $31,000,000
  • Buyer: Triangle Ventures
  • Seller: Robert Herscu - HQ Development
  • Square Footage: 27,000
  • Price per Square Foot: $1,148
  • Location: 825 North San Vicente Boulevard, West Hollywood
  • Loan Amount: $32.25 million

The transaction marks a significant gain for seller Robert Herscu, who had previously acquired the property for $19 million in 2023, achieving a 63% return on his investment. Triangle Ventures secured financing likely intended for property improvements, indicating the continuing demand for strategically located medical office space in Los Angeles.

Players

Jay Luchs

Newmark

Broker

$2B

vol

43 deals

Broker

West Hollywood 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

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93