Updated Dec 20, 2023
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
About this deal
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