357 North Beverly Dr. Beverly Hills, CA 90210
Banana Republic, Inc
No previous deal had traded on the market at this property’s asking price per square feet and cap rate.
Sale had to be kept off market so the team was not able to advertise.
Through the team’s internal marketing channel they were able to bring in the right buyer who met the asking price and terms.
Set a record of $2,222 per SF and in place cap rate at 3.25%.
Recognized as the California Real Estate Journal’s Deal of the Year.