Bikes And Hikes Acquires Mixed-Use Property At 7740 Santa Monica Boulevard For $2.13M
SOLD
$2,132,500
California
See Similar DealsMixed-use5,232 SF
Sold 10/17/2024
SOLD
Bikes And Hikes Acquires Mixed-Use Property At 7740 Santa Monica Boulevard For $2.13M
7740 Santa Monica Boulevard & 7740 Santa Monica Boulevard
See Similar DealsMixed-use5,232 SF
Sold 10/17/2024
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$407
Total Square Footage:5,232 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,576.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,109.14
Annual Debt Service$121,309.66
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