Updated Feb 28, 2025
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
About this deal
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.
On the Map
$74,400,000
$1,496/SF
Office
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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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93