Updated Dec 4, 2024
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
About this deal
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