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7740 Santa Monica Boulevard

Danny Roman Purchases Retail Space At 7740 Santa Monica Boulevard For $2,132,500
SOLDRetail

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

Martin Agnew

Marcus & Millichap

Broker

$453.4M

vol

125 deals

Broker

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