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
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