Updated Dec 4, 2024
Shaun Setareh Acquires Mixed-Use Building In Beverly Hills For $13.5M
422 North Camden Drive
$13,500,000
$1,555/SF
Building Size
8,678 SF
Asset Type
Mixed-use
Closing
Apr 16, 2024
About this deal
AI
422 N Camden Drive is an 8,678 square foot three-story vacant mixed-use retail and office building in Beverly Hills, CA. The property was sold for $13,500,000 at a price per square foot of $1,556. The sale was completed on 04/16/2024.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $13,500,000
- Buyer: Shaun Setareh
- Seller: Yuri Spiro
- Brokers: Brandon Michaels, Matthew Luchs, and Steven Schechter - Marcus & Millichap
- Address: 422 North Camden Drive
- Market: Beverly Hills
- SF: 8,678
- PPSF: $1,556
The Brandon Michaels Group exclusively represented both the seller, Yuri Spiro, and the buyer, Shaun Setareh, in the transaction. Shaun Setareh, the purchaser, was an owner-user buyer who closed the deal all cash in just seven days after opening escrow non-contingent.
On the Map
$13,500,000
$1,555/SF
Mixed-use
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Players
Beverly Hills Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93