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
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
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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