TTM Real Estate Capital & JAM Capital Real Estate Acquire Retail Property In West Hollywood For $10.6M
501 North La Cienega Boulevard, West Hollywood, CA 90048, USA
$10,600,000
$667/SF
Building Size
15,875 SF
Asset Type
Retail
Closing
Mar 28, 2019
AI
The property involved in this transaction is a retail asset located at 501 N La Cienega Blvd in West Hollywood. The deal was a sale, with Justin Mateen and Tyler Mateen as the individuals featured in the associated image on Instagram. The transaction took place on 03/29/2019 and the property was purchased for a total price of $10.6 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10.6 million
- Square Footage: 15,875
- Price per Square Foot: $667
- Address: 501 N La Cienega Blvd
- Market: West Hollywood
The buyers of the property were TTM Real Estate Capital & JAM Capital Real Estate, while the seller was Kaballah Center. Representing the deal on the buyer's side was Tom Lagos from JLL. It's worth noting that the transaction was an all-cash deal and also included 2 billboards.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93