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8733 Beverly Boulevard

Updated Dec 4, 2024

Shawn Matian And Dr. Amiel Moshfegh Acquire Office Building From Sam Solomon For $11.6M
SOLDOffice

Shawn Matian And Dr. Amiel Moshfegh Acquire Office Building From Sam Solomon For $11.6M

8733 Beverly Boulevard

$11,600,000

$593/SF

Building Size

19,536 SF

Asset Type

Office

Closing

Jul 23, 2024

About this deal

AI

This transaction involved a 4-story Medical Office Building located at 8733 Beverly Boulevard in West Hollywood. The sale price was $11,600,000, with a total square footage of 19,536, resulting in a price per square foot of $594.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $11,600,000
  • Square Footage: 19,536
  • Price Per Square Foot: $594
  • Buyer: Shawn Matian & Dr. Amiel Moshfegh
  • Seller: Sam Solomon
  • Broker: Jason Cole - Marcus & Millichap
  • Date of Sale: 07/23/2024
  • Market: West Hollywood

Jason Cole represented both the Buyer and the Seller in this off-market transaction. The property is strategically located directly across from the entrance to Cedars Sinai Medical Center, marking it as a distinctive asset in a competitive real estate market.

Players

Jason Cole

Marcus & Millichap

Broker

$18.1M

vol

2 deals

Broker

West Hollywood Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $593 per square foot on a published $11.6M for 19,536 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.37%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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