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6311 Romaine St, Los Angele...

BARDAS Investment Group Acquires Hollywood Office For $135M From Seller BLT Enterprises
SOLDOffice

BARDAS Investment Group Acquires Hollywood Office For $135M From Seller BLT Enterprises

6311 Romaine St, Los Angeles, CA 90038, USA

$64,000,000

$268/SF

Building Size

238,325 SF

Asset Type

Office

Closing

Aug 3, 2020

AI

The recent closed transaction in Hollywood involves the sale of an office property located at 6311 Romaine St, Los Angeles, CA 90038, USA. The property spans a total square footage of 238,325. The deal was finalized on 03/30/2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $135,000,000
  • Market: Hollywood
  • Buyer: BARDAS Investment Group - David Simon
  • Seller: BLT Enterprises - Rob Solomon
  • Brokers: Brad McCoy, David Wilson

Leading the transaction, BARDAS Investment Group, represented by David Simon, acquired the office property from BLT Enterprises, with Rob Solomon as the seller. Brad McCoy and David Wilson served as the brokers in the deal.

Players

Aaron Wilder

Lee & Associates

Broker

$64M

vol

1 deal

Broker
David Simon

David Simon

BARDAS Investment Group

Buyer

$4B

vol

6 deals

Buyer
Rob Solomon

Rob Solomon

BLT Enterprises

Seller

$216.6M

vol

5 deals

Seller

Los Angeles 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93