Updated Dec 4, 2024
Tristan Schukraft Acquires Retail Property On North Robertson Blvd For $27M
686 North Robertson Boulevard
$27,000,000
$2,830/SF
Building Size
9,540 SF
Asset Type
Retail
Closing
May 28, 2024
About this deal
AI
The retail property located at 686 North Robertson Boulevard in West Hollywood was successfully transacted in a sale between buyer Tristan Schukraft and seller David Cooley on 05/28/2024. The property spans 9,540 square feet with a sale price of $27,000,000, amounting to approximately $2,830 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,000,000
- Address: 686 North Robertson Boulevard
- Market: West Hollywood
- Buyer: Tristan Schukraft
- Seller: David Cooley
Brandon Michaels, Matthew Luchs, and Steven Schechter of the Brandon Michaels Group represented the seller, David Cooley, in this property sale transaction.
Players
West Hollywood 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93