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
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