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470 South Beverly Drive, Be...

Dordick Law Corp Acquires Office In Beverly Hills For $11.1M
SOLDOffice

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

Alex Kozakov

CBRE

Broker

$349.3M

vol

17 deals

Broker
BH
Beverly HillsSeller

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