Continental Real Estate Provides $52M Loan For Medical Office In Beverly Hills
465 North Roxbury Drive, Beverly Hills, CA, USA
$52,000,000
$896/SF
Building Size
58,000 SF
Asset Type
Office
Closing
Jun 23, 2021
AI
The medical office located at 465 N. Roxbury Drive in Beverly Hills has recently been involved in a closed transaction. The property, owned by Optimus Properties - Kamyar Shabani & K. Joseph Shabani, received a loan from Continental Real Estate in the amount of $52,000,000. The medical office spans across 58,000 square feet.
Summary of transaction details
- Property Type: Medical office
- Transaction Amount: $52,000,000
- Address: 465 N. Roxbury Drive, Beverly Hills
- Market: Beverly Hills
- Lender: Continental Real Estate
- Landlord: Optimus Properties - Kamyar Shabani & K. Joseph Shabani
- Square Footage: 58,000
Continental Real Estate provided the loan to the medical office owned by Optimus Properties - Kamyar Shabani & K. Joseph Shabani. This closed transaction highlights the successful collaboration between the lender and the landlord.
Players
Beverly Hills Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93