Shawn & Shervin Lalezary Buy Office At 8350 Wilshire Boulevard From Jen Danby For $26.365M
8350 Wilshire Boulevard
$26,365,000
$730/SF
Building Size
36,085 SF
Asset Type
Office
Closing
Jun 6, 2025
AI
The property asset involved in this transaction is an office located at 8350 Wilshire Boulevard in Beverly Hills, which sold for $26,365,000. The building comprises 36,085 square feet, translating to a price per square foot of approximately $730.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $26,365,000
- Address: 8350 Wilshire Boulevard
- Market: Beverly Hills
- Square Footage: 36,085
- Price Per Square Foot: $730
- Buyer: Shawn & Shervin Lalezary
- Seller: Jen Danby
- Brokers: Jake Zacuto, Leor Binshtock & John Logan - Zacuto Group
In this significant transaction, Zacuto Group played a crucial role, with Jake Zacuto, Leor Binshtock, and John Logan representing both the buyer and the seller. This sale marks one of the highest price-per-square foot transactions for office properties in recent years.
Players
Beverly Hills 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93