facebook
Traded Co logo
Submit

Jim Cooper Of REM Finance Acquires West Hollywood Retail Property For $80M

Property Image
SOLD
$80,000,000

California

See Similar Deals
Retail54,000 SF
Sold 06/15/2018
the dealplayerscompscontact
Property Image
SOLD

Jim Cooper Of REM Finance Acquires West Hollywood Retail Property For $80M

8860 Sunset Boulevard, West Hollywood, CA, USA

See Similar Deals
Retail54,000 SF
Sold 06/15/2018
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,481
Total Square Footage:54,000 SF
Transaction Type:Sale

A retail property located at 8850-8860 Sunset Blvd., 8866-8870 Sunset Blvd., 8874-8878 Sunset Blvd, and a parcel of land at 1029 Larrabee St. in West Hollywood has been sold for $80,000,000. The property spans across 54,000 square feet and has a price per square foot of $1481.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80,000,000
  • Square Footage: 54,000
  • Price per Square Foot: $1481
  • Address: 8850-8860 Sunset Blvd., 8866-8870 Sunset Blvd., 8874-8878 Sunset Blvd, and 1029 Larrabee St., West Hollywood
  • Market: West Hollywood

The buyer of the retail property is Jim Cooper, a director at REM Finance Inc. of Scottsdale. The seller in this transaction is 5th Gear.

Players

JC
Jim Cooper
3 deals$171.9M volume
BUYER
JC
Jim Cooper
3 deals$171.9M volume
BUYER

Details

SOLD
IMAGE: Jim Cooper DATE: 06/15/2018 ADRESS: 8850-8860 Sunset Blvd., 8866-8870 Sunset Blvd., 8874-8878 Sunset Blvd and a parcel of land 1029 Larrabee St. MARKET: West Hollywood CITY: ASSET TYPE: Retail PRICE: $80,000,000 SF: 54,000 PPSF: $1481 BUYER: Jim Cooper, a director at REM Finance Inc. of Scottsdale SELLER: 5th Gear

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)

$4,266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77