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698 North Robertson Boulevard

Tristan Schukraft Buys Retail Property In West Hollywood For $45M
SOLDRetail

Tristan Schukraft Buys Retail Property In West Hollywood For $45M

698 North Robertson Boulevard

$45,000,000

$3,600/SF

Building Size

12,500 SF

Asset Type

Retail

Closing

Apr 22, 2024

AI

The retail property located at 698 North Robertson Boulevard in West Hollywood was sold for $45,000,000. The property spans 12,500 square feet, resulting in a price per square foot of $3,600. The sale involved the fee simple, leasehold interest, and businesses at the Abbey and the Chapel.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $45,000,000
  • Address: 698 North Robertson Boulevard
  • Market: West Hollywood
  • Buyer: Tristan Schukraft
  • Seller: David Cooley
  • Buyer's Rep: Leslie Haro - CityStreet Commercial
  • Seller's Rep: Matthew Luchs

Leslie Haro from CityStreet Commercial represented the buyer, Tristan Schukraft, in the transaction. The seller, David Cooley, was represented by Matthew Luchs. The sale included not only the property but also the businesses at the Abbey and the Chapel, adding further depth to the deal.

Players

Leslie Haro

CityStreet Commercial

Broker

$69.6M

vol

5 deals

Broker

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93