Updated Feb 16, 2024
Credit Suisse Provides $505M Loan For Mixed-Use Property On Sunset Boulevard
8430 Sunset Boulevard, West Hollywood, CA, USA
$505,000,000
$1,683/SF
Building Size
300,000 SF
Asset Type
Mixed-use
Closing
Apr 29, 2021
About this deal
AI
8430 Sunset Boulevard in West Hollywood has recently been involved in a closed property transaction. The mixed-use property, spanning 300,000 square feet, garnered considerable attention and secured a loan from Credit Suisse. The loan amount totaled a significant $505,000,000.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $505,000,000
- Address: 8430 Sunset Boulevard
- Market: West Hollywood
Warren Wachsberger represented AECOM Capital, while Jason Bohle and Andrew Mcintyre represented Combined Properties as the landlords of 8430 Sunset Boulevard. The deal was facilitated by Eastdil Secured, acting as the broker.
Players
West Hollywood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93