Wells Fargo Provides $5.7M Acquisition Loan For Office Property In Beverly Hills
9200 West Olympic Boulevard, Beverly Hills, CA 90212, USA
$5,715,000
$1,044/SF
Building Size
5,472 SF
Asset Type
Office
Closing
Oct 7, 2021
AI
The recently closed property transaction in Beverly Hills involved an office asset located at 9200 W. Olympic Blvd. The property spans approximately 5,472 square feet and was part of an acquisition deal. The loan for this transaction was provided by Wells Fargo.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,715,000
- Address: 9200 W. Olympic Blvd.
- Market: Beverly Hills
- Lender: Wells Fargo
The loan terms for this transaction include a 3.21% interest rate, a 25-year fixed term, and a 25-year amortization. Representing the buyer in this deal was Frankie Paparella from Tauro Capital Advisors.
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
2.78%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93