Zacuto Group Represents Both Sides In $32.8M Medical Office Sale In Beverly Hills
SOLD
$32,800,000
California
See Similar DealsOffice28,930 SF
Sold 03/24/2020
SOLD
Zacuto Group Represents Both Sides In $32.8M Medical Office Sale In Beverly Hills
415 North Camden Drive, Beverly Hills, CA 90210, USA
See Similar DealsOffice28,930 SF
Sold 03/24/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,133
Total Square Footage:28,930 SF
Transaction Type:Sale
The medical office located at 415 N. Camden Drive and 152 S. Lasky Drive in Beverly Hills has been sold for a total of $32,800,000. The property spans an area of 28,930 square feet, resulting in a price per square foot of $1,133.77.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $32,800,000
- Square Footage: 28,930
- Price per Square Foot: $1,133.77
- Market: Beverly Hills
The seller of the medical office is Shore Irving Trust. The brokers involved in the transaction are Jake Zacuto and Leor Binshtock of Zacuto Group, who represented both sides of the deal.
NOTE: Jake Zacuto and Leor Binshtock of Zacuto Group served as brokers for the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,749,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$116,531.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$155,488.73
Annual Debt Service$1,865,864.81
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