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8756 Holloway Dr, West Holl...

Holloway 8756 Acquires West Hollywood Office For $4.5M
SOLDOffice

Holloway 8756 Acquires West Hollywood Office For $4.5M

8756 Holloway Dr, West Hollywood, CA, USA

$4,495,000

$1,498/SF

Building Size

3,000 SF

Asset Type

Office

Closing

Mar 22, 2021

AI

A 3,000 square foot office located at 8756 Holloway Dr. in West Hollywood has been sold for $4,495,000. The property was purchased by Holloway 8756 from VSM Enterprises in a transaction that took place on 03/23/2021. The price per square foot for this sale was $1,498.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,495,000
  • Address: 8756 Holloway Dr.
  • Market: West Hollywood

The buyer in this transaction was Holloway 8756, represented by Jason Froelich from Douglas Elliman. The seller, VSM Enterprises, was represented by T.C. Macker, Jennifer Moscoso, and William Althouse from WESTMAC Commercial Brokerage Company.

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93