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9970 South Santa Monica Bou...

Iman Mossanen And Neema Ahadian Of Marcus & Millichap Sell Retail Property In Beverly Hills For $12.75M
SOLDRetail

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:

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

Iman Mossanen

Marcus & Millichap

Broker

$77.4M

vol

15 deals

Broker

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