Updated Oct 29, 2024
James Randall Acquires Retail Property On Beverly Boulevard For $36.2M From Seller Michael Shabani
8840 Beverly Boulevard, West Hollywood, Los Angeles, CA 90048, USA
$36,200,000
$1,723/SF
Building Size
21,000 SF
Asset Type
Retail
Closing
Dec 16, 2019
About this deal
AI
The retail property located at 8840 Beverly Boulevard in West Hollywood has been sold for a total price of $36,200,000. The transaction took place on December 17, 2019. The property spans across 21,000 square feet, resulting in a price per square foot of $1,723.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $36,200,000
- Square Footage: 21,000
- Price per Square Foot: $1,723
- Address: 8840 Beverly Boulevard, West Hollywood
The seller of the property was Michael Shabani, representing Crown Equity & Dune Real Estate Partners. On the other hand, James Randall, from Randall Realty Group, acted as the buyer in this transaction.
On the Map
$36,200,000
$1,723/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93