Hakim Family Acquires Mixed-Use Property On Beverly Hills For $36.1M

The property asset involved in this transaction is a mixed-use building located at 139 S Beverly Drive in Beverly Hills, California. It was sold for $36,100,000.00, equating to approximately $1,216 per square foot. The three-story building encompasses a total of 29,735 rentable square feet, featuring high-street retail on the ground floor and two levels of office space above. Additionally, the asset includes a surface parking area.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $36,100,000.00
• Address: 139 S Beverly Dr, Beverly Hills, CA
• Market: Beverly Hills
• Square Footage: 29,735
• Seller's Representative: Michael Moll - Newmark
• Buyer: Hakim Family

Key representatives in the deal include Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, Sean Fulp, and Jay Luchs of Newmark, who represented the seller. The buyer was led by Sam Hakim and was self-represented in the transaction.