Updated Dec 4, 2024
Brian Kosoy - Sterling Organization Acquires Retail Property On Melrose Avenue In West Hollywood For $35M
8380 Melrose Avenue, West Hollywood, CA, USA
$35,000,000
$1,419/SF
Building Size
24,654 SF
Asset Type
Retail
Closing
Jul 14, 2019
About this deal
AI
The retail property located at 8380 Melrose Avenue in West Hollywood has been sold for $35,000,000. The transaction took place on July 15, 2019, and the property, with a total area of 24,654 square feet, was sold at a price per square foot of $10,687.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $35,000,000
- Address: 8380 Melrose Avenue, West Hollywood
- Market: West Hollywood
- Square footage: 24,654
- Price per square foot: $10,687
Brian Kosoy, representing Sterling Organization, acted as the buyer in this 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93