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7961 West Third Street, Wes...

Hadi Ramsey Acquires Office Building In West Hollywood For $6 Million
SOLDOffice

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

Brittney McCarthy

Kidder Mathews

Broker

$64.4M

vol

6 deals

Broker

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