James Randall Acquires Retail Property On Beverly Boulevard For $36.2M From Seller Michael Shabani
SOLD
$36,200,000
California
See Similar DealsRetail21,000 SF
Sold 12/17/2019
SOLD
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
See Similar DealsRetail21,000 SF
Sold 12/17/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,723
Total Square Footage:21,000 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,930,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$128,610.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$171,606.47
Annual Debt Service$2,059,277.62
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