SOLD
Fletcher Jones Auto Acquires Commercial Property From Angela Biciocchi For $30 Million In Beverly Hills
8833-8845 Wilshire Boulevard
Building Size
—
Asset Type
—
Closing
Oct 6, 2026
About this deal
AI
This commercial property, located at 8833-8845 Wilshire Boulevard in Beverly Hills, CA, has a sale price of $30,000,000. The total square footage of the asset is 16,580, with a price per square foot of $1,809.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $30,000,000
- Sale Date: 09/24/2026
- Buyer: Fletcher Jones Auto
- Seller: Angela Biciocchi - Anderson Real Estate
- Broker: Jay Luchs - Newmark
Key individuals involved in the transaction include Angela Biciocchi, who represents the seller, and Jay Luchs, representing the buyer in the deal. This transaction reflects the interests of both parties in the commercial real estate market.
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Players
Steubenville CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93