Updated Oct 28, 2024
JMR Capital Acquires Retail Property On Robertson Blvd In Beverly Hills
165-171 S Robertson Blvd, Beverly Hills, CA, USA
$4,500,000
$754/SF
Building Size
5,961 SF
Asset Type
Retail
Closing
Jul 29, 2020
About this deal
AI
The retail property located at 165-171 S. Robertson Blvd in Beverly Hills has been sold. The property spans 5,961 square feet and was sold for a price of $4,500,000, resulting in a price per square foot of $754. The transaction took place on 07/29/2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 165-171 S. Robertson Blvd
- Market: Beverly Hills
JMR Capital, represented by Joshua Rabbany, acquired the property from Vincon Group, represented by Rutti Simon. JMR Capital was advised by attorney David Poursalimi. The buyer secured financing from Kohen Financial Group. The tenant of the property is JMR Group.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93