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
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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