Melody Eshaghian Acquires Development Site In Inglewood For $10.99M
619 South Prairie Avenue, Inglewood, California 90301, United States
$10,990,000
$270/SF
Building Size
40,580 SF
Asset Type
Development Site
Closing
May 12, 2022
AI
Located at 619 S. Prairie Ave in Inglewood, this development site recently changed hands in a sale transaction. The property is a development site, offering the potential for future construction and expansion. The sale took place on 05/13/2022, and the buyer of the property was Melody Eshaghian. White & Day, represented by John Kirk, served as the seller in this transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,990,000
- Address: 619 S. Prairie Ave
- Market: Inglewood
Mitchell Stokes from Madison Partners represented the buyer, Melody Eshaghian, in this sale. On the seller's side, CBRE acted as the representative, with Simon Mattox, Austin Wolitarsky, Dan Riley, Kyle Woods, Bill Durslag, Mike McKinney, and Nancy Bush from Lyon Stahl assisting in the transaction.
This sale involved a total sale price of $10,990,000. The Building Square Footage (BSF) measures approximately 40,580, resulting in a Price Per Building Square Foot (PPBSF) of $270.
Players
Inglewood Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93