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8254 W Sunset Blvd, West Ho...

Urbanlime Real Estate Represents Buyer In $8.35M Off-Market Purchase Of Iconic Sunset Strip Retail Property
SOLDRetail

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.

Players

Leslie Haro

CityStreet Commercial

Broker

$69.6M

vol

5 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

1.90%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93