Jon Carroll Acquires School In Inglewood For $1,677,000
525 East Hyde Park Place
$1,677,000
$221/SF
Building Size
7,564 SF
Asset Type
—
Closing
Jun 28, 2024
AI
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.
Players
Inglewood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.46%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93