Titan Golden Capital Acquires Alec Gores' Beverly Hills SFR For $70M
Beverly Hills, California, United States
$70,000,000
$1,750/SF
Building Size
40,000 SF
Asset Type
Single Family Residence
Closing
Mar 25, 2022
AI
Alec Gores has sold his estate in Beverly Hills for a staggering $70,000,000. The property is a Single Family Residence (SFR) with a total area of 40,000 square feet. The price per square foot comes to $1,750, showcasing the exclusivity of this luxurious property.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $70,000,000
- Market: Beverly Hills
Titan Golden Capital has emerged as the buyer of this prestigious property. Alec Gores, the seller of the estate, represented himself in the deal through his company The Gores Group. The sale was facilitated by Jade Mills from Coldwell Banker Realty, who acted as the broker for the seller. On the buyer's side, the transaction was supported by Samira Gores, Christine Martin, and Tiffany Martin from The Agency.
Players
Beverly Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93