Updated Dec 21, 2023
Steve Anavim Brokers $11.75M Retail Sale On Beverly Blvd, West Hollywood
8825 Beverly Blvd, West Hollywood, CA 90048, USA
$11,750,000
$213/SF
Building Size
55,000 SF
Asset Type
Retail
Closing
Oct 20, 2020
About this deal
AI
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.
On the Map
$11,750,000
$213/SF
Retail
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Los Angeles 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93