Nicole Mihalka & Caitlyn Ross Sell Office In Cypress Park For $2.9M
SOLD
$2,890,000
California
See Similar DealsOffice4,105 SF
Sold 03/19/2021
SOLD
Nicole Mihalka & Caitlyn Ross Sell Office In Cypress Park For $2.9M
2640 Huron Street, Cypress Park, Los Angeles, CA, USA
See Similar DealsOffice4,105 SF
Sold 03/19/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$704
Total Square Footage:4,105 SF
Transaction Type:Sale
An office property located at 2640 Huron Street in Cypress Park was recently sold for a price of $2,890,000. The transaction took place on March 19, 2021. The office space spans a total area of 4,105 square feet, resulting in a price per square foot of $719.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,890,000
- Address: 2640 Huron Street
- Market: Cypress Park
Nicole Mihalka and Caitlyn Ross, represented by Nicole Mihalka from @TheBrokerNicole and Caitlyn Ross from @CaitlynSchmaitlyn, were the brokers involved in the sale of the office property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,267.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,700.07
Annual Debt Service$164,400.89
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