Benji Gribnau, Leor Binshtock, Jake Zacuto & Mike Monempour Sell Development Site In Los Angeles For $4.8M
SOLD
$4,800,000
+ 1
California
See Similar DealsDevelopment Site37,423 SF
Sold 04/13/2021
SOLD
Benji Gribnau, Leor Binshtock, Jake Zacuto & Mike Monempour Sell Development Site In Los Angeles For $4.8M
3026 Crenshaw Blvd, Los Angeles, CA, USA
See Similar DealsDevelopment Site37,423 SF
Sold 04/13/2021
+ 1
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$128
Total Square Footage:37,423 SF
Transaction Type:Sale
A development site located at 3026 Crenshaw Blvd in Los Angeles has been sold for $4,800,000. The property spans approximately 37,423 square feet, resulting in a price per square foot of $128.
Summary of transaction details:
- Property Type: Development Site
- Date: 04/13/2021
- Address: 3026 Crenshaw Blvd
- Market: Los Angeles
- Brokers: Benji Gribnau, Leor Binshtock, Jake Zacuto, and Mike Monempour
- Sale Price: $4,800,000
- Square Footage: 37,423
- Price Per Square Foot: $128
The sale of this development site was facilitated by brokers Benji Gribnau, Leor Binshtock, Jake Zacuto, and Mike Monempour.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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