Danny Roman Purchases Retail Space At 7740 Santa Monica Boulevard For $2,132,500
7740 Santa Monica Boulevard
$2,132,500
$815/SF
Building Size
2,616 SF
Asset Type
Retail
Closing
Oct 17, 2024
AI
The asset involved in this transaction is a retail property located at 7740 Santa Monica Boulevard in West Hollywood. The sale price was $2,132,500. The total square footage of the property is 2,616, which breaks down to a price per square foot of $815.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,132,500
- Address: 7740 Santa Monica Boulevard
- Market: West Hollywood
- Square Footage: 2,616
- Price Per Square Foot: $815
- Buyer: Danny Roman
- Seller: Irit Weir
- Buyer’s Representative: Ryan Gurman & Neal Golub - CBRE
- Seller’s Representatives: Martin Agnew, John Lally, Ryan Rothstein-Serling & Jonathan Weir - Agnew Serling Group - Marcus & Millichap
This transaction involved key representatives in the real estate sector, specifically Ryan Gurman and Neal Golub representing the buyer, while the seller was represented by a comprehensive team including Martin Agnew, John Lally, Ryan Rothstein-Serling, and Jonathan Weir, showcasing a collaborative effort from both sides of the 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
7.44%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93