Updated Dec 21, 2023
Related Companies Acquires Hollywood Office Building For $72.1M
1800 North Highland Avenue, Central LA, Los Angeles, CA, USA
$72,100,000
$783/SF
Building Size
92,000 SF
Asset Type
Office
Closing
Dec 25, 2018
About this deal
AI
An office building located at 1800 N. Highland Ave in Hollywood has been sold for a price of $72,100,000. The property spans across 92,000 square feet and was acquired by Related Companies. The transaction took place on December 26, 2018. The sale price equates to approximately $783 per square foot.
Summary of transation details
- Property Type: Office Building
- Transaction Amount: $72,100,000
- Square Footage: 92,000
- Address: 1800 N. Highland Ave
- Market: Hollywood
The seller of the office building was the Souferian Group, represented by Behzad Souferian. Jeff Blau and Stephen Ross were also involved in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93