Updated Oct 29, 2024
Stan Kroenke Acquires Beverly Hills Penthouse From Louis Welch For $23.8M
Beverly Hills, CA, USA
$23,800,000
$4,857/SF
Building Size
4,900 SF
Asset Type
Other
Closing
Oct 11, 2021
About this deal
AI
Stan Kroenke has recently acquired a penthouse in Beverly Hills through a sale transaction. The purchase was made on October 11, 2021, and the property features a total area of 4,900 square feet. The sale price for this luxurious penthouse was $23,800,000, resulting in a price per square foot of $4,857. The asset is owned by Stan Kroenke, while the seller of the property was Louis Welch, who represents LA Fitness.
Summary of transaction details:
- Property Type: Penthouse
- Transaction Amount: $23,800,000
- Market: Beverly Hills
- Buyer: Rams - Stan Kroenke
- Seller: LA Fitness - Louis Welch
This notable sale transaction showcases Stan Kroenke's acquisition of a lavish penthouse in Beverly Hills. The transaction involved a purchase price of $23,800,000, making it a significant investment. Louis Welch, representing LA Fitness, served as the seller in this deal.
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93