Ronald McKay Acquires North Hollywood Development Site For $1.8M
10657 Moorpark Street, North Hollywood, California 91602, United States
$1,800,000
$167/SF
Building Size
10,730 SF
Asset Type
Development Site
Closing
Dec 20, 2021
AI
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.
Players
North Hollywood Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93