Updated Jun 17, 2025
Goodyear Investments Acquires Retail Condo At 8759-8763 Santa Monica Boulevard For $13M
8763 Santa Monica Boulevard
$13,000,000
$1,236/SF
Building Size
10,513 SF
Asset Type
Retail
Closing
Jun 17, 2025
About this deal
AI
The retail asset involved in this transaction is located at 8759, 8761 & 8763 Santa Monica Boulevard in West Hollywood. The property spans a total of 10,513 square feet and has been fully leased. Goodyear Investments acquired the property for a total sale price of $13,000,000, resulting in a price per square foot of $1,237.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $13,000,000
- Square Footage: 10,513 SF
- Price per Square Foot: $1,237
- Address: 8759, 8761 & 8763 Santa Monica Boulevard
- Market: West Hollywood
- Buyer: Goodyear Investments
- Brokers: Patrick Wade & Alex Kozakov - CBRE
Patrick Wade and Alex Kozakov represented the buyer, Goodyear Investments, in the acquisition of the fully leased retail condo from an institutional seller. The Shops at Hancock Lofts was the property purchased as part of this transaction.
On the Map
$13,000,000
$1,236/SF
Retail
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Players
West Hollywood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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About $1.2K per square foot on a published $13M for 10,513 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93