Zach Vella Purchases 24000 SF Property At 8441 Santa Monica Blvd For $22 Million With Broker Jay Luchs
8441 Santa Monica Boulevard
$22,000,000
$916/SF
Building Size
24,000 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property located at 8441 Santa Monica Blvd, West Hollywood, is involved in a sale transaction valued at $22,000,000.00. It encompasses a total of 24,000 square feet and is being sold by CCVB LLC.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $22,000,000.00
- Address: 8441 Santa Monica Blvd, West Hollywood
- Seller: CCVB LLC
- Buyer: Zach Vella
- Buyer's Representative: Jay Luchs - Newmark
The transaction features a collaboration between the buyer, Zach Vella, and his representative, Jay Luchs from Newmark, indicating a well-structured negotiation process in this significant deal in the real estate market.
Players
Market 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93