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Jon Carroll Acquires School In Inglewood For $1,677,000

Property Image
SOLD
$1,677,000
Daniel Hirth
Jay Martinez
+ 1

California

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7,564 SF
Sold 06/28/2024
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Property Image
SOLD

Jon Carroll Acquires School In Inglewood For $1,677,000

525 East Hyde Park Place

See Similar Deals
7,564 SF
Sold 06/28/2024
Daniel Hirth
Jay Martinez
+ 1
Contact now

Summary

CALIFORNIA
Price Per Square Foot:$221
Total Square Footage:7,564 SF
Transaction Type:Sale

521-525 Hyde Park Place in Inglewood, a school property, was sold for $1,677,000. The asset spans 3,782 square feet and is located directly off Centinela Avenue in Inglewood, CA 90302.

Summary of transaction details:

The seller's motivation for selling 521-525 Hyde Park Place was to allocate funds for other investments. The buyer, Jon Carroll, plans to occupy the building for his own daycare/preschool in the future.

Players

Elijah Suval
23 deals$47.5M volume(818) 297-2828
BROKER

Jay Martinez
Kidder Mathews
41 deals$145.3M volume(310) 658-3375
BROKER

Daniel Hirth
The Hirth Group
71 deals$222.8M volume
BROKER

Connor MacLeod
Kidder Mathews
4 deals$23.9M volume(424) 422-5848
BROKER

Details

SOLD
IMAGE: Jay Martinez, Connor Macleod, Elijah Suval & Daniel Hirth DATE: 06/28/2024 ADDRESS: 521-525 Hyde Park Place MARKET: Inglewood ASSET TYPE: School BUYER: Jon Carroll SELLER: Shalom Illouz BUYER'S REP: Jay Martinez (@JayMartinezkidder) & Connor Macleod - Kidder Mathews (@Kidder.Mathews) SELLE'S REP: Elijah Suval (@ElijahSuval) & Daniel Hirth (@DHirth5) - The Hirth Group (@HirthGroup) SALE PRICE: $1,677,000 SF: 3,782 ~ PPSF: $443 NOTE FROM SELLER'S REP: 521-525 Hyde Park Place, Inglewood CA 90302 – a daycare center/preschool located directly off Centinela Avenue in Inglewood. Daniel and Elijah represented the seller in this transaction whose motivation to sell the asset was due to allocating funds for other investments. The buyer was an owner/user who had future plans of occupying the building for his own daycare/preschool.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$89,440.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,958.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,949.84
Annual Debt Service$95,398.03