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4936 Live Oak St Cudahy, CA...

Flores Family Acquires Development Site In Cudahy, CA From Benroohi Family For $3.075M
SOLDDevelopment Site

Flores Family Acquires Development Site In Cudahy, CA From Benroohi Family For $3.075M

4936 Live Oak St Cudahy, CA 90201, USA

$3,075,000

$86/SF

Building Size

35,425 SF

Asset Type

Development Site

Closing

Jul 7, 2023

AI

The development site located at 4936 Live Oak Street in Cudahy, CA has been sold for $3,075,000. Spanning a total of 35,425 square feet, the property offers a price per square foot of $87. The transaction occurred between the Flores Family, acting as the buyer, and the Benroohi Family, who served as the seller. The deal was facilitated by Almog Strikowski and Dario Svidler from Partners CRE.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,075,000
  • Square Footage: 35,425
  • Address: 4936 Live Oak Street, Cudahy, CA
  • Buyer: Flores Family
  • Seller: Benroohi Family
  • Brokers: Almog Strikowski - Partners CRE; Dario Svidler - Partners CRE

This significant transaction showcases the successful collaboration between the Flores and Benroohi families. The involvement of Almog Strikowski and Dario Svidler from Partners CRE as the brokers highlights the importance of their expertise in negotiating and finalizing the deal.

Players

Dario Svidler

Partners CRE

Broker

$200M

vol

31 deals

Broker

Los Angeles 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

5.16%

Cash-on-Cash

-1.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93