L3 Capital Acquires 8420 Melrose Ave West Hollywood From American Commercial Equities For $22.9M
8420 Melrose Ave, West Hollywood, C...
$22,900,000
$2,027/SF
Building Size
11,295 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 8420 Melrose Ave, West Hollywood, CA. It has a market value of $22,900,000.00 and encompasses a total square footage of 11,295 SF.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $22,900,000.00
- Address: 8420 Melrose Ave, West Hollywood, CA
- Market: West Hollywood
- Buyer: L3 Capital
- Seller: American Commercial Equities
- Buyer's Representative: Kazuko Morgan, Carine Mamann - Cushman & Wakefield
- Seller's Representative: David Ickovics
The deal involves L3 Capital as the buyer and American Commercial Equities as the seller. Kazuko Morgan and Carine Mamann from Cushman & Wakefield represent the buyer in this transaction, while the seller is represented by David Ickovics.
Players
West Hollywood 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93