Hakim Family Acquires Mixed-Use Property In Beverly Hills For $36.1M
SOLD
$36,100,000
+ 4
National
See Similar DealsMixed-use29,735 SF
SOLD
Hakim Family Acquires Mixed-Use Property In Beverly Hills For $36.1M
139 S Beverly Dr, Beverly Hills, CA 90212, Estados Unidos
See Similar DealsMixed-use29,735 SF
+ 4
Summary
Asset Type:Mixed-use
Price Per Square Foot:$1,214
Total Square Footage:29,735 SF
Transaction Type:Sale
The mixed-use property located at 139 S. Beverly Drive in Beverly Hills has been sold in a closed transaction. The property spans 29,735 square feet and was sold for a price of $36,100,000, resulting in a price per square foot of $1,214. The transaction took place on October 22, 2020.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $36,100,000
- Property Size: 29,735 square feet
- Price per Square Foot: $1,214
- Address: 139 S. Beverly Drive, Beverly Hills
- Market: Beverly Hills
The buyer of the property is the Hakim Family, while the seller is Sakioka Farms. The deal was facilitated by a team of brokers from Newmark, including Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, Michael Moll, Sean Fulp, and Jay Luchs.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,925,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$128,255.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$171,132.42
Annual Debt Service$2,053,589.01
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