Gantry Provides $20M Loan For Retail Property At 9600 Wilshire Blvd. In Beverly Hills
9600 Wilshire Boulevard, Beverly Hills, CA 90212
$20,000,000
$227/SF
Building Size
87,886 SF
Asset Type
Retail
Closing
May 21, 2020
AI
The retail property located at 9600 Wilshire Blvd. in Beverly Hills has been involved in a closed transaction. The property is a retail asset and is known as the Saks 5th Avenue store. The deal took place on 05/21/2021
Summary of transaction details
- Property Type: Retail
- Address: 9600 Wilshire Blvd. (Saks 5th Avenue), Beverly Hills
- Market: Beverly Hills
gantry''>Gantry, represented by Braden Turnbull and Josh Natker, provided a loan of $20,000,000 for the transaction. The loan terms span over 25 years, offering a long-term financing solution for the property.
Beverly Hills Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93