Updated Oct 29, 2024
Treehouse REIT Acquires Retail Asset On S. Robertson Blvd For $17.25M
106 South Robertson Boulevard, Beverly Hills, CA, USA
$17,250,000
$5,267/SF
Building Size
3,275 SF
Asset Type
Retail
Closing
Feb 6, 2019
About this deal
AI
Treehouse REIT has purchased a retail property located at 106 S. Robertson Blvd in Beverly Grove, according to recent reports. The transaction took place on February 7, 2019, with a sales price of $17.25 million. The asset spans 3,275 square feet, resulting in a price per square foot of $5,267.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17.25 million
- Address: 106 S. Robertson Blvd
- Market: Beverly Grove
- Square Footage: 3,275
- Price per Square Foot: $5,267
The buyer of the property is Treehouse REIT, while the seller is Adam Bierman, co-founder of ShopMedMen. This transaction showcases the active real estate market in Beverly Grove.
Players
Beverly Hills Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93