Crown Equity Sells Retail Property In West Hollywood For $15M
450 North Robertson Boulevard, West Hollywood, CA, USA
$15,000,000
$2,500/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Oct 22, 2021
AI
A retail property located at 450 N. Robertson Blvd. in West Hollywood has been sold in a recent transaction. The property spans 6,000 square feet and was sold for a price of $15,000,000, resulting in a price per square foot of $2,500. The seller of the property was Crown Equity, represented by Michael Shabani. The buyer's representatives in the deal were Carine Mamann and Kazuko Morgan from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,000,000
- Date: 10/22/2021
- Address: 450 N. Robertson Blvd.
- Market: West Hollywood
This transaction showcases the successful collaboration between Crown Equity and the buyer's representatives, Carine Mamann and Kazuko Morgan from Cushman & Wakefield. The sale of the retail property at 450 N. Robertson Blvd. highlights the vibrant real estate market in West Hollywood.
Players
Los Angeles 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93