Updated Oct 29, 2024
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
About this deal
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.
On the Map
$4,495,000
$1,498/SF
Office
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Players
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