Dordick Law Corp Acquires Office In Beverly Hills For $11.1M
470 South Beverly Drive, Beverly Hills, CA 90212, USA
$11,125,000
$1,388/SF
Building Size
8,013 SF
Asset Type
Office
Closing
Jan 12, 2020
AI
An office property located at 470 S. Beverly Drive in Beverly Hills has been sold for a price of $11,125,000. The property spans a total area of 8,013 square feet, resulting in a price per square foot of $1,388.37. The transaction took place on January 13, 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,125,000
- Address: 470 S. Beverly Drive
- Market: Beverly Hills
- Square Footage: 8,013
- Price Per Square Foot: $1,388.37
The buyer of the property is Dordick Law Corp, while the seller is Zina Jewelry Beverly Hills. The deal was facilitated by the following brokers from CBRE: Andrew Gharibian, Jonathan Farasat, Jeffrey Resnick, Alex Kozakov, and Patrick Wade.
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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93