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The Perera Family Trust Acquires Office At 9111 West Sunset Boulevard For $7.26M

Property Image
SOLD
$7,263,500
Ryan Gurman
Neal Golub

California

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Office4,700 SF
Sold 10/30/2024
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Property Image
SOLD

The Perera Family Trust Acquires Office At 9111 West Sunset Boulevard For $7.26M

9111 West Sunset Boulevard

See Similar Deals
Office4,700 SF
Sold 10/30/2024
Ryan Gurman
Neal Golub
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,545
Total Square Footage:4,700 SF
Transaction Type:Sale

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.

Players

Ryan Gurman
CBRE
Ryan Gurman
13 deals$34.1M volume
BROKER
Neal Golub
CBRE
Neal Golub
5 deals$16M volume(310) 600-1705
BROKER

Details

SOLD
IMAGE: Neal Golub& Ryan Gurman DATE: 10/30/2024 ADDRESS: 9111 West Sunset Boulevard MARKET: West Hollywood ASSET TYPE: Office BUYER: The Perera Family Trust BUYER'S REP: Neal Golub & Ryan Gurman (@Gurman.la) - CBRE (@CBRE) SELLER'S REP: Ron Rader and Alex Rivera - Lee & Associates SALE PRICE: $7,263,500 SF: 4,700 ~ PPSF: $1,545

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$387,386.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,805.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,432.70
Annual Debt Service$413,192.35