Updated Nov 26, 2025
PPG Development Acquires Development Site From The Club Of Emerald Hills For $20M
4100 North Hills Drive
$20,000,000
$285/SF
Building Size
70,000 SF
Asset Type
Development Site
Closing
Sep 28, 2025
About this deal
AI
This development site is located at 4100 North Hills Drive in the Hollywood market. The transaction involved a sale price of $20,000,000 and spans a total square footage of 70,000, resulting in a price per square foot of $285.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Buyer: PPG Development
- Seller: The Club of Emerald Hills
- Broker: Aaron Kurlansky - Sheridan Capital
Aaron Kurlansky, serving as the Chief Executive Officer, played a key role in facilitating this transaction as the broker representing both parties involved in the sale. The deal marks a significant shift in ownership within the development space in Hollywood.
Players
Hollywood Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93