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:
- Property Type: Office & Mixed-use
- Transaction Amount: Undisclosed
- Square Footage: 198,000
- Address: 7060 & 7107 Hollywood Boulevard
- Market: Los Angeles
- Brokers: Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, Michael Moll & Kevin Donner - Newmark
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
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