Updated Dec 21, 2023
Uri Smith Acquires Retail Property On West Olympic Boulevard In Beverly Hills For $14.5M
8840 West Olympic Boulevard
$14,500,000
$2,077/SF
Building Size
6,981 SF
Asset Type
Retail
Closing
Feb 1, 2023
About this deal
AI
The retail property located at 8840 West Olympic Boulevard in Beverly Hills has been sold in a transaction valued at $14,500,000. The property spans a total area of 6,981 square feet, resulting in a price per square foot of $2,077.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,500,000
- Address: 8840 West Olympic Boulevard, Beverly Hills
- Market: Beverly Hills
The buyer of this retail property is Uri Smith, while the seller is Umberto Savone. The transaction was facilitated by Bradley Luster, who represents Major Properties as the broker in this deal.
Players
Market 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93