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
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