Updated Sep 5, 2024
Dennis Ferrazzano - Barack Ferrazzano Acquires Retail Property In Beverly Hills For $43M
357 N. Beverly Drive
$43,000,000
$3,049/SF
Building Size
14,100 SF
Asset Type
Retail
Closing
Mar 29, 2023
About this deal
AI
The property involved in this transaction is a retail asset located at 357 N. Beverly Drive in Beverly Hills. The sale took place on 03/29/2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $43,000,000
- Square Footage: 14,100
- Price Per Square Foot: $3,049
- Market: Beverly Hills
The buyer of the property is Dennis Ferrazzano, represented by Barack Ferrazzano. The broker for this transaction is Will Stifel from Arbor Realty Capital Advisors.
The retail sale at 357 N. Beverly Drive in Beverly Hills, California sold for $43M in 2023. The building is 14,100 square feet, implying about 3K per square foot on the published price. Will Stifel, Arbor Realty Capital Advisors appear on the sale alongside Arbor Realty Capital Advisors. This page is the Beverly Hills, California file for the 357 N. Beverly Drive retail sold: pricing, party profiles, and other closed retail comps from the same Beverly Hills sit in the Market section below. Filter that Beverly Hills retail set by closing date to see what else sold near 357 N. Beverly Drive around 2023. Published consideration for 357 N. Beverly Drive is $43M, dated 2023. Cite this Dennis Ferrazzano - Barack Ferrazzano Acquires Retail Property In Beverly Hills For $43M sale when underwriting similar retail product around Beverly Hills, California.
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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93