Hadi Ramsey Acquires Office Building In West Hollywood For $6 Million
7961 West Third Street, West Hollywood, California 90048, United States
$6,000,000
$789/SF
Building Size
7,600 SF
Asset Type
Office
Closing
May 5, 2022
AI
The office property located at 7961 W. 3rd St. in West Hollywood has been sold for $6,000,000. Spanning a total area of 7,600 square feet, the transaction resulted in a price of $789 per square foot. Conor Halloran and Brad McCoy from Lee & Associates represented the buyer, Hadi Ramsey, while Brittney McCarthy, Tanel Harunzade, Darrel Levonian, and Colin Fields from Kidder Mathews served as the seller's representatives.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,000,000
- Address: 7961 W. 3rd St.
- Market: West Hollywood
Conor Halloran and Brad McCoy, both from Lee & Associates, played key roles in facilitating the transaction on behalf of the buyer. On the other hand, the seller was represented by Brittney McCarthy, Tanel Harunzade, Darrel Levonian, and Colin Fields from Kidder Mathews.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93