L3 Capital Acquires 8420 Melrose Ave West Hollywood From American Commercial Equities For $22.9M
SOLD
$22,900,000
California
See Similar DealsOffice11,295 SF
SOLD
L3 Capital Acquires 8420 Melrose Ave West Hollywood From American Commercial Equities For $22.9M
8420 Melrose Ave, West Hollywood, C...
See Similar DealsOffice11,295 SF
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$2,027
Total Square Footage:11,295 SF
Transaction Type:Sale
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.
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LENDER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,358.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,557.68
Annual Debt Service$1,302,692.20
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