facebook
Traded Co logo
Submit

Acadia Realty Trust & Osiris Ventures Acquire Retail Property In West Hollywood For $24M

Property Image
SOLD
$24,000,000
Kazuko Morgan
Carine Mamann

California

See Similar Deals
Retail9,757 SF
Sold 02/25/2022
the dealplayerscompscontact
Property Image
SOLD

Acadia Realty Trust & Osiris Ventures Acquire Retail Property In West Hollywood For $24M

8833 Beverly Boulevard, West Hollywood, California 90048, United States

See Similar Deals
Retail9,757 SF
Sold 02/25/2022
Kazuko Morgan
Carine Mamann
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,459
Total Square Footage:9,757 SF
Transaction Type:Sale

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

Carine Mamann
Cushman & Wakefield
Carine Mamann
9 deals$204.4M volume
BROKER
Kazuko Morgan
Cushman & Wakefield
Kazuko Morgan
10 deals$222.7M volume
BROKER
Acadia Realty Trust
Acadia Realty Trust
BROKERAGE
Acadia Realty Trust
Acadia Realty Trust
BUYER
OV
Osiris Ventures
BUYER
Nuveen
Nuveen
SELLER
Nuveen
Nuveen
LENDER

Details

SOLD
IMAGE: Carine Mamann & Kazuko Morgan DATE: 02/25/2022 ADDRESS: 8833 Beverly Blvd. MARKET: West Hollywood ASSET TYPE: Retail BUYER: Acadia Realty Trust & Osiris Ventures SELLER: Nuveen BROKERS: Carine Mamann (@CarineMamann) & Kazuko Morgan - Cushman & Wakefield (@CushWake) SALE PRICE: $24,000,000 SF: 9,757 ~ PPSF: $2,459

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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