Updated Oct 29, 2024
8833 Beverly BLVD
8833 Beverly BLVD, Los Angeles, CA...
$24,000,000
$2,459/SF
Building Size
9,757 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
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
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93