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8752 Holloway Drive, West H...

Dylan Ruga Acquires West Hollywood Office Building On Holloway Dr. For $4.65M
SOLDOffice

Dylan Ruga Acquires West Hollywood Office Building On Holloway Dr. For $4.65M

8752 Holloway Drive, West Hollywood, CA

$4,650,000

$1,454/SF

Building Size

3,196 SF

Asset Type

Office

Closing

Jan 19, 2022

AI

Located in West Hollywood, the office property at 8752 Holloway Dr. recently changed hands in a sale transaction. The property spans 3,196 square feet and was sold for $4,650,000, resulting in a price per square foot of $1,454. The deal was finalized on January 19, 2022.

Summary of transaction details

The sale transaction was facilitated by Jonathan Farasat from Maher Commercial Realty and Kyle Dordick from Hilton & Hyland, representing the seller, Gary Dordick. Joel Mendoza from CBI Commercial served as the buyer's representative, assisting Dylan Ruga throughout the deal.

Players

Jonathan Farasat

Maher Commercial Realty

Broker

$34.4M

vol

5 deals

Broker

Gary Dordick

Seller

$12M

vol

2 deals

Seller

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

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93