Iman Mossanen And Neema Ahadian Of Marcus & Millichap Sell Retail Property In Beverly Hills For $12.75M
9970 South Santa Monica Boulevard
$12,750,000
$3,035/SF
Building Size
4,200 SF
Asset Type
Retail
Closing
Aug 30, 2024
AI
The property involved in the transaction is located at 9970 South Santa Monica Boulevard in the Beverly Hills market. The asset type is retail, with a sale price of $12,750,000. The property encompasses a total square footage of 4,200, translating to a price per square foot of $3,035.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,750,000
- Square Footage: 4,200
- Price Per Square Foot: $3,035
- Address: 9970 South Santa Monica Boulevard
- Market: Beverly Hills
- Buyer's Representative: Katherine Weaver - Pegasus Investments Real Estate Advisory
- Seller's Representatives: Iman Mossanen & Neema Ahadian - Marcus & Millichap
Katherine Weaver represented the buyer in this deal, while Iman Mossanen and Neema Ahadian represented the seller. The transaction highlights the involvement of established real estate advisory and brokerage firms in the retail market sector in Beverly Hills.
Players
Beverly Hills 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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93