Iman Mossanen And Neema Ahadian Of Marcus & Millichap Sell Retail Property In Beverly Hills For $12.75M
SOLD
$12,750,000
California
See Similar DealsRetail4,200 SF
Sold 08/30/2024
SOLD
Iman Mossanen And Neema Ahadian Of Marcus & Millichap Sell Retail Property In Beverly Hills For $12.75M
9970 South Santa Monica Boulevard
See Similar DealsRetail4,200 SF
Sold 08/30/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$3,035
Total Square Footage:4,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
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