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7060 Hollywood Boulevard

Newmark Represents Seller In Sale Of 198000 SF Office And Mixed-Use Properties On Hollywood Boulevard
SOLDOffice

Newmark Represents Seller In Sale Of 198000 SF Office And Mixed-Use Properties On Hollywood Boulevard

7060 Hollywood Boulevard & 7107 Hollywood Boulevard

Building Size

396,000 SF

Asset Type

Office

Closing

Aug 13, 2025

AI

Two commercial properties located at 7060 and 7107 Hollywood Boulevard in Los Angeles were sold in a single transaction. The assets consist of a 177.4k square foot office tower anchored by Buffalo Wild Wings and a 20.6k square foot mixed-use building on two acres zoned for multifamily development.

Summary of transaction details:

Newmark's Kevin Shannon and his team represented the undisclosed seller in this transaction. The buyer remains undisclosed, highlighting the confidentiality surrounding this property deal.

Players

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
Newmark
NewmarkBrokerage

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93