Updated Dec 4, 2024
Black Lion Investment Group Sells Retail Property In West Hollywood For $4.5M With Broker Brandon Michaels
8460 Santa Monica Boulevard, West Hollywood, CA 90069, USA
$4,500,000
$1,063/SF
Building Size
4,233 SF
Asset Type
Retail
Closing
Dec 13, 2018
About this deal
AI
A retail property in West Hollywood, located at 8460 Santa Monica Blvd, has been sold for $4,500,000. The property spans 4,233 square feet, resulting in a price per square foot of $1,063. The transaction took place on 12/14/2018 and was facilitated by Brandon Michaels, a broker representing the seller, Black Lion Investment Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 8460 Santa Monica Blvd
- Market: West Hollywood
- Square Footage: 4,233
- Price Per Square Foot: $1,063
- Seller: Black Lion Investment Group
- Broker: Brandon Michaels - Representing Black Lion Investment Group
This transaction involved the sale of a retail property in the vibrant market of West Hollywood. The property, located at 8460 Santa Monica Blvd, offers a spacious area of 4,233 square feet. The deal was successfully negotiated by Brandon Michaels, who represented the seller, Black Lion Investment Group.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93