Tristan Schukraft Acquires Retail Property On North Robertson Blvd For $27M
SOLD
$27,000,000
California
See Similar DealsRetail9,540 SF
Sold 05/28/2024
SOLD
Tristan Schukraft Acquires Retail Property On North Robertson Blvd For $27M
686 North Robertson Boulevard
See Similar DealsRetail9,540 SF
Sold 05/28/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,830
Total Square Footage:9,540 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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