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9701 South Santa Monica Bou...

Optimus Properties LLC Acquires Mixed-use Property In Beverly Hills For $15M
SOLDMixed-use

Optimus Properties LLC Acquires Mixed-use Property In Beverly Hills For $15M

9701 South Santa Monica Boulevard, Beverly Hills, CA, USA

$15,000,000

$829/SF

Building Size

18,094 SF

Asset Type

Mixed-use

Closing

Dec 30, 2019

AI

The property involved in this transaction is a mixed-use asset located at 9701 S. Santa Monica Blvd in Beverly Hills. The sale occurred on 12/31/2019.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $15,000,000
  • Address: 9701 S. Santa Monica Blvd
  • Market: Beverly Hills
  • Square Footage: 18,094
  • Price per Square Foot: $829

The buyer of the property is Optimus Properties LLC, while the seller is Kevin A Singer, Referee for the Superior Court of California County of Los Angeles. The brokers involved in the deal are Luke Palmo, T.C. Macker from WESTMAC Commercial Brokerage Company, and Steve Algermissen from Cushman & Wakefield.

Players

Luke Palmo

WESTMAC Commercial Brokerage Company

Broker

$77.3M

vol

4 deals

Broker
Optimum Properties
Optimum PropertiesBuyer

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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93