Updated Oct 29, 2024
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
About this deal
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