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Banana Republic
357 North Beverly Dr. Beverly Hills, CA 90210
PRICE:
$30,000,000.00
Tenants
Banana Republic, Inc
Building Size:
Price/SF
13,500 SF
$2,222.00 SF
Challenge
Solution
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No previous deal had traded on the market at this property’s asking price per square feet and cap rate.
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Sale had to be kept off market so the team was not able to advertise.
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Through the team’s internal marketing channel they were able to bring in the right buyer who met the asking price and terms.
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Set a record of $2,222 per SF and in place cap rate at 3.25%.
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Recognized as the California Real Estate Journal’s Deal of the Year.
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