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
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