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8600 Wilshire Boulevard, Be...

Maguire Capital Acquires Mixed-Use Property On Wilshire Boulevard For $25M
FINANCEDMixed-use

Maguire Capital Acquires Mixed-Use Property On Wilshire Boulevard For $25M

8600 Wilshire Boulevard, Beverly Hills, CA 90211

$25,000,000

$1,388,888/SF

Building Size

18 SF

Asset Type

Mixed-use

Closing

Oct 7, 2021

AI

Located at 8600 Wilshire Boulevard in the prestigious market of Beverly Hills, this mixed-use property recently underwent a closed transaction. The asset consists of 18 units, offering a versatile space that combines residential and commercial elements. The deal involved a loan for a construction project.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $25,000,000
  • Address: 8600 Wilshire Boulevard
  • Market: Beverly Hills
  • Units: 18

Maguire Capital, represented by Marvin Azrak, acted as the buyer in this transaction. Their expertise and strategic vision drove the successful acquisition of this prime property.

Marvin Azrak, part of Maguire Capital, played an integral role in securing the deal. Through their vast network and industry knowledge, they navigated the complexities of the negotiation process, ensuring a favorable outcome for their client.

Players

Marvin Azrak

Maguire Capital Group

Broker

$111.8M

vol

9 deals

Broker

Marvin Azrak

Maguire Capital

Buyer

$111.8M

vol

9 deals

Buyer
Maguire Capital
Maguire CapitalLender

Beverly Hills 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93