Banana Republic

 357 North Beverly Dr. Beverly Hills, CA  90210

IMGP1948 EDIT.jpg
PRICE: 

$30,000,000.00

Tenants

Banana Republic, Inc

Building Size: 
Price/SF

13,500 SF

$2,222.00 SF

Challenge

Solution

  • 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.