Rang Group Acquires Office Building From KEI Properties In Hollywood For $1,950,000
1818 Sheridan St
$1,950,000
$292/SF
Building Size
6,670 SF
Asset Type
Office
Closing
Jul 30, 2020
About this deal
AI
The property asset involved in this transaction is an office building located at 1818 Sheridan St in the Hollywood market. The transaction was finalized at a price of $1,950,000.00 and spans a total square footage of 6,670.0 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,950,000.00
- Address: 1818 Sheridan St
- Market: Hollywood
- Square Footage: 6,670.0
- Buyer: Rang Group
- Seller: KEI Properties
- Brokers: Alejandro Snyder - Current Real Estate Advisors, Michael B. Williams
This transaction highlights the role of Alejandro Snyder from Current Real Estate Advisors and Michael B. Williams as brokers facilitating the deal. The buyer, Rang Group, has acquired the office space from KEI Properties, showcasing a significant investment in the location. No additional contextual information is provided about the companies or individuals involved.
Players
Hollywood Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93