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7740 Santa Monica Boulevard

Bikes And Hikes Acquires Mixed-Use Property At 7740 Santa Monica Boulevard For $2.13M
SOLDMixed-use

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

Ryan Gurman

CBRE

Broker

$35.9M

vol

14 deals

Broker

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