Updated Oct 29, 2024
StarPoint Properties Acquires Office Tower In Beverly Hills, LA For $193M
433 North Camden Drive, Beverly Hills, CA 90210, USA
$193,000,000
$932/SF
Building Size
207,000 SF
Asset Type
Office
Closing
Apr 8, 2018
About this deal
AI
StarPoint Properties has acquired an office tower in Beverly Hills, Los Angeles, for a sale price of $193,000,000. The property, located at 433 N Camden Drive, covers an area of 207,000 square feet. The transaction was facilitated by Bob Safai of Madison Partners.
Summary of Transaction Details
- Property Type: Office Tower
- Transaction Amount: $193,000,000
- Square Footage: 207,000
- Address: 433 N Camden Drive
- Market: Beverly Hills
- City: Los Angeles
The deal involved StarPoint Properties as the buyer and Camden Properties as the seller. Bob Safai of Madison Partners represented the buyer in the transaction.
On the Map
$193,000,000
$932/SF
Office
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Players
Beverly Hills 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93