Matthews Real Estate Investment Services Acquires Car Dealership On Wilshire Blvd In Beverly Hills For $70M
5071 Wilshire Boulevard, Beverly Hills, CA, USA
$70,000,000
$206/SF
Building Size
339,000 SF
Asset Type
Other
Closing
Aug 18, 2019
AI
An car dealership located at 5070 and 5071 Wilshire Blvd in Beverly Hills has been sold for a total price of $70,000,000. The property spans a total area of 339,000 square feet, resulting in a price per square foot of $206. The sale of this car dealership was facilitated by Bill Pedersen, David Harrington, and Kyle Matthews from Matthews Real Estate Investment Services.
Summary of transaction details:
- Property Type: Car dealership
- Transaction Amount: $70,000,000
- Address: 5070 and 5071 Wilshire Blvd, Beverly Hills
- Market: Beverly Hills
- Square footage: 339,000 SF
- Price per square foot: $206
The deal was brokered by Bill Pedersen, David Harrington, and Kyle Matthews from Matthews Real Estate Investment Services.
Players
Beverly Hills Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93