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.
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