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8671 Wilshire Boulevard

Daniel Chiprut Of Commercial Asset Group Facilitates Office Sale At 8671 Wilshire Boulevard For $14.8M
SOLDOffice

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

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.

Players

Daniel Chiprut

Commercial Asset Group

Broker

$40.7M

vol

4 deals

Broker

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