Bikes And Hikes Acquires Mixed-Use Property At 7740 Santa Monica Boulevard For $2.13M
7740 Santa Monica Boulevard & 7740 Santa Monica Boulevard
$2,132,500
$407/SF
Building Size
5,232 SF
Asset Type
Mixed-use
Closing
Oct 17, 2024
AI
The property asset involved in this transaction is located at 7740 Santa Monica Boulevard in West Hollywood. This mixed-use asset has a total square footage of 2,616 and was sold for $2,132,500, translating to a price per square foot of $815.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,132,500
- Address: 7740 Santa Monica Boulevard
- Market: West Hollywood
- Square Footage: 2,616
- Price per Square Foot: $815
- Buyer: Bikes and Hikes
- Broker: Neal Golub & Ryan Gurman - CBRE
The deal was represented by brokers Neal Golub and Ryan Gurman from CBRE, who facilitated the transaction for the buyer, Bikes and Hikes. This transaction reflects an active participation in the real estate market within the West Hollywood area.
Players
West Hollywood 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
7.44%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93