Updated Oct 28, 2024
Laha Beverly LLC Acquires Retail Property In Beverly Hills For $30.8M
303 North Beverly Drive, Beverly Hills, California 90210, United States
$30,800,000
$3,175/SF
Building Size
9,700 SF
Asset Type
Retail
Closing
Jun 2, 2022
About this deal
AI
The property asset involved in this transaction is a retail property located at 303 North Beverly Drive in Beverly Hills. The property has a total square footage of 9,700 square feet. The transaction took place on 06/03/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,800,000
- Price Per Square Foot: $3,200
- Market: Beverly Hills
The buyer in this transaction is Laha Beverly LLC, represented by Anthony & Alexander Lahijani. The seller is the MaryLee C. Reeder Living Trust, represented by James Carmack Reeder & Patricia Reeder Eubank.
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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93