Urbanlime Real Estate Represents Buyer In $8.35M Off-Market Purchase Of Iconic Sunset Strip Retail Property
8254 W Sunset Blvd, West Hollywood, CA, USA
$8,350,000
$2,513/SF
Building Size
3,322 SF
Asset Type
Retail
Closing
May 6, 2021
AI
The iconic Body Shop located on the World Famous Sunset Strip in West Hollywood has just closed in a recent sale transaction. The property, situated at 8254 W Sunset Blvd, is a retail asset with a total square footage of 3,322. The asking price for the property was $8,500,000, and it was eventually sold for $8,350,000, at a price per square foot of $2,483.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,350,000
- Address: 8254 W Sunset Blvd, West Hollywood
- Market: West Hollywood
In this deal, the seller of the property was the 1999 Rofeh Living Trust. The buyers were represented by Leslie Haro, a broker from Urbanlime Real Estate. Notably, the sellers did not have any representation in the transaction. The sale was an all-cash off-market purchase with a quick escrow period of just over 30 days.
It is important to highlight that Leslie Haro from Urbanlime Real Estate successfully assisted the buyers throughout the entire transaction process.
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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93