Breevast Acquires Office Buildings On Wilshire Blvd In Beverly Hills For $154M
4525 Wilshire Boulevard, Beverly Hills, CA, USA
$154,000,000
$969/SF
Building Size
158,776 SF
Asset Type
Office
Closing
Apr 8, 2019
AI
An office property located at 8942 & 4525 Wilshire Blvd in Beverly Hills has been sold in a closed transaction. The property was sold for a total price of $154,000,000. The buyer of the property is Breevast, while the sellers are Ocean West and Walton Street Capital. The transaction was facilitated by Bob Safai, Matt Case, and Brad Schlaak from Madison Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $154,000,000
- Address: 8942 & 4525 Wilshire Blvd
- Market: Beverly Hills
The office property sale was completed on April 9, 2019. Matt Case, Brad Schlaak, and Bob Safai from Madison Partners represented the buyer and seller in this transaction.
Players
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93