Ronald McKay Acquires North Hollywood Development Site For $1.8M
SOLD
$1,800,000
California
See Similar DealsDevelopment Site10,730 SF
Sold 12/20/2021
SOLD
Ronald McKay Acquires North Hollywood Development Site For $1.8M
10657 Moorpark Street, North Hollywood, California 91602, United States
See Similar DealsDevelopment Site10,730 SF
Sold 12/20/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$167
Total Square Footage:10,730 SF
Transaction Type:Sale
A development site located at 10657 Moorpark Ave. in North Hollywood has been sold. The property was purchased by Ronald McKay from the seller, Scott Silver, for a total price of $1,800,000. The transaction took place on 12/20/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Address: 10657 Moorpark Ave.
- Market: North Hollywood
The deal was facilitated by brokers Sam Liberow and Max Gersht. Sam Liberow of the Liberow Group represented the buyer, Ronald McKay. Max Gersht was also involved in the transaction as a broker.
The development site has a building square footage (BSF) of 10,730. The price per BSF (PPBSF) was calculated at $167.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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