Jon Carroll Acquires School In Inglewood For $1,677,000
SOLD
California
See Similar Deals7,564 SF
Sold 06/28/2024
SOLD
Jon Carroll Acquires School In Inglewood For $1,677,000
525 East Hyde Park Place
See Similar Deals7,564 SF
Sold 06/28/2024
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:
- Property Type: School
- Transaction Amount: $1,677,000
- Buyer: Jon Carroll
- Seller: Shalom Illouz
- Buyer's Rep: Jay Martinez & Connor Macleod - Kidder Mathews
- Seller's Rep: Elijah Suval & Daniel Hirth - The Hirth Group
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.
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Deal Type
30 years
10 years
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
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