Updated Dec 4, 2024
Daniel Chiprut Of Commercial Asset Group Facilitates Office Sale At 8671 Wilshire Boulevard For $14.8M
8671 Wilshire Boulevard
$14,800,000
$552/SF
Building Size
26,783 SF
Asset Type
Office
Closing
Oct 4, 2024
About this deal
AI
The property located at 8671 Wilshire Boulevard in Beverly Hills was sold as an office asset. The sale price for this transaction was $14,800,000, and the total square footage of the property is 26,783 square feet, resulting in a price per square foot of $552.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $14,800,000
- Address: 8671 Wilshire Boulevard
- Market: Beverly Hills
- Square Footage: 26,783 SF
- Price per Square Foot: $552
Daniel Chiprut from Commercial Asset Group served as the broker for this transaction, representing the parties involved in the sale.
On the Map
$14,800,000
$552/SF
Office
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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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93