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Hakim Holdings, GWP Real Estate And Mazal Enterprises Acquire Retail Property On North Rodeo Drive In Beverly Hills For $96M

457-459 North Rodeo Drive
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This Retail property located in CA was sold for $96,000,000 over 5 years ago. The brokers of the deal were Kazuko Morgan and Carine Mamann

Located at 457-459 North Rodeo Drive in Beverly Hills, this retail property was recently sold in a closed transaction. The property spans over 11,625 square feet in size and is situated in a prime market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $96,000,000
  • Price per Square Foot: $8,240
  • Buyer: Hakim Holdings, GWP Real Estate and Mazal Enterprises
  • Seller: Lang & Lang Properties

The deal was facilitated by Carine Mamann, Kazuko Morgan, and Stephen Algermissen from Cushman & Wakefield. The buyer consortium represented by Hakim Holdings, GWP Real Estate, and Mazal Enterprises successfully acquired the property from Lang & Lang Properties. No additional details were provided regarding the terms of the transaction.

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Deals
  • Location
    457 North Rodeo Drive, Beverly Hills, CA 90210, USA457 North Rodeo Drive, Beverly Hills, CA 90210, USA
  • Sale Price
    $96,000,000$96,000,000
    $8,258 PPSF$8,258 PPSF
  • Area
    11,625 SF11,625 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Kazuko Morgan

Kazuko Morgan

Deals4
Sold$145.3M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

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Deal Summary

SALE IMAGE: Stephen Algermissen, Kazuko Morgan and Carine Mamann DATE: 10/25/2018 ADDRESS: 457-459 North Rodeo Drive MARKET: Beverly Hills ASSET TYPE: Retail PRICE: $96,000,000 SF: 11,625 PPSF: $8,240 BROKERS: Carine Mamann, Kazuko Morgan and Stephen Algermissen @cushwake BUYER: Hakim Holdings, GWP Real Estate and Mazal Enterprises SELLER: Lang & Lang Properties

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457-459 North Rodeo Drive

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