Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,459
Total Square Footage:9,757 SF
Transaction Type:Sale
A freestanding, single-tenant retail property located at 8833 Beverly Blvd in West Hollywood has been sold. The property, which is fully occupied by Luxury Living, has a total square footage of 9,757 and was sold for $24 million.
Summary of transaction details:
- Property Type: Retail Property
- Transaction Amount: $24,000,000.00
- Address: 8833 Beverly Blvd, Los Angeles, CA
- Market: Los Angeles
- Seller: Unknown
- Buyer: Osiris Ventures
- Seller's Representatives: Kazuko Morgan, Carine Mamann - Cushman & Wakefield
The transaction involved a joint venture between Acadia Realty Trust and Osiris Ventures. Additionally, Steve Algermissen of Cushman & Wakefield was also involved in representing the seller.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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