Hastens Beds Leases Retail Space In Beverly Hills For $196/ft
9555 Santa Monica Blvd, Beverly Hills, California 90210, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Feb 28, 2022
AI
The retail space located at 9555 S. Santa Monica Blvd. in Beverly Hills has recently been leased. The property, measuring 1,100 square feet, was leased to Hastens Beds. The lease transaction was facilitated by Brandon Cohan and Sheela Shouhed of Brandon Cohan Real Estate. The asking rent for the retail space was $196 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Leased
- Address: 9555 S. Santa Monica Blvd., Beverly Hills
- Tenant: Hastens Beds
- Brokers: Brandon Cohan and Sheela Shouhed - Brandon Cohan Real Estate
- Asking Rent: $196 per square foot
Brandon Cohan Real Estate, known for its expertise in curating and enhancing Beverly Hills' high street retail landscape, successfully brought in Hastens Beds as an exciting new tenant to the area.
Players
Beverly Hills Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93