Steve Anavim Brokers $11.75M Retail Sale On Beverly Blvd, West Hollywood
SOLD
$11,750,000
California
See Similar DealsRetail55,000 SF
Sold 10/21/2020
SOLD
Steve Anavim Brokers $11.75M Retail Sale On Beverly Blvd, West Hollywood
8825 Beverly Blvd, West Hollywood, CA 90048, USA
See Similar DealsRetail55,000 SF
Sold 10/21/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$213
Total Square Footage:55,000 SF
Transaction Type:Sale
An $11,750,000 retail property in West Hollywood has been sold at 8825-8827 Beverly Blvd. The property spans 5,500 square feet, resulting in a price per square foot of $2,136. The transaction was facilitated by Steve Anavim from an undisclosed agency.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,750,000
- Square Footage: 5,500
- Price per Square Foot: $2,136
- Address: 8825-8827 Beverly Blvd, West Hollywood
- Broker: Steve Anavim
Steve Anavim, representing an undisclosed agency, played a crucial role in the sale of this retail property. The transaction marks a significant milestone in the West Hollywood market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$626,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,745.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,700.99
Annual Debt Service$668,411.93
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