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4525 Wilshire Boulevard, Be...

Breevast Acquires Office Buildings On Wilshire Blvd In Beverly Hills For $154M
SOLDOffice

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

Bob Safai

Broker

$878.3M

vol

16 deals

Broker
Walton Street Capital
Walton Street CapitalSeller
Walton Street Capital
Walton Street CapitalLender

Beverly Hills Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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