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450 North Robertson Bouleva...

Crown Equity Sells Retail Property In West Hollywood For $15M
SOLDRetail

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

Carine Mamann

Cushman & Wakefield

Broker

$204.4M

vol

9 deals

Broker

Michael Shabani

Crown Equity

Seller

$40.7M

vol

3 deals

Seller

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