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9033 Wilshire Boulevard, Be...

LaSalle Investment Management Acquires Office Building On Wilshire Boulevard In Beverly Hills For $74.4M
SOLDOffice

LaSalle Investment Management Acquires Office Building On Wilshire Boulevard In Beverly Hills For $74.4M

9033 Wilshire Boulevard, Beverly Hills, CA, USA

$74,400,000

$1,496/SF

Building Size

49,721 SF

Asset Type

Office

Closing

Mar 24, 2021

AI

The office property located at 9033 Wilshire Boulevard in Beverly Hills was recently sold in a transaction. The property spans approximately 49,721 square feet and has an asset type of office. The sale took place on 03/25/2021 at a price of $74,400,000, resulting in a price per square foot of $1,500.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $74,400,000
  • Address: 9033 Wilshire Boulevard
  • Market: Beverly Hills

The buyer in this transaction was Glenn Sonnenberg from LaSalle Investment Management. The seller was UBS Realty Investors. The deal was facilitated by Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, and Steven Salas from Newmark acting as brokers for the transaction.

Players

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
JLL
JLLBrokerage
UBS Realty Investors
UBS Realty InvestorsSeller

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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93