Acadia Realty Trust & Osiris Ventures Acquire Retail Property In West Hollywood For $24M
8833 Beverly Boulevard, West Hollywood, California 90048, United States
$24,000,000
$2,459/SF
Building Size
9,757 SF
Asset Type
Retail
Closing
Feb 24, 2022
AI
An 9,757 square foot retail property located at 8833 Beverly Blvd in West Hollywood has been sold in a transaction valued at $24,000,000. The property was purchased by Acadia Realty Trust and Osiris Ventures from Nuveen. The sale was facilitated by brokers Carine Mamann and Kazuko Morgan from Cushman & Wakefield.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,000,000
- Address: 8833 Beverly Blvd
- Market: West Hollywood
Carine Mamann and Kazuko Morgan from Cushman & Wakefield represented the buyers, Acadia Realty Trust and Osiris Ventures, in this transaction.
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