Updated Dec 19, 2024
The Perera Family Trust Acquires Office At 9111 West Sunset Boulevard For $7.26M
9111 West Sunset Boulevard
$7,263,500
$1,545/SF
Building Size
4,700 SF
Asset Type
Office
Closing
Oct 30, 2024
About this deal
AI
The property asset involved in this transaction is located at 9111 West Sunset Boulevard in West Hollywood. This office space encompasses 4,700 square feet and was sold for $7,263,500, resulting in a price per square foot of $1,545.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,263,500
- Address: 9111 West Sunset Boulevard
- Market: West Hollywood
- Square Footage: 4,700
- Price Per Square Foot: $1,545
- Buyer: The Perera Family Trust
- Buyer’s Representative: Neal Golub & Ryan Gurman - CBRE
- Seller’s Representative: Ron Rader and Alex Rivera - Lee & Associates
The deal features representation from CBRE for the buyer, The Perera Family Trust, with Neal Golub and Ryan Gurman facilitating the transaction. The seller was represented by Ron Rader and Alex Rivera from Lee & Associates, emphasizing the involvement of established real estate firms in this transaction.
On the Map
$7,263,500
$1,545/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
2.18%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93