Yohann Bensimon & Dan Malka Acquire Hollywood Package Deal For $4.57M
1350 North Gardner Avenue, Merced, California, USA
$4,570,000
$302/SF
Building Size
15,100 SF
Asset Type
Other
Closing
Jun 21, 2020
AI
A package deal consisting of multiple properties located at 1344-1350 N. Gardner Ave. in Hollywood has been sold for a total price of $4,570,000. The transaction took place on June 21, 2021. The package includes future development units, totaling 25 in number, with a combined square footage of 15,100. The price per square foot for this package deal is approximately $302.
Summary of Transaction Details:
- Property Type: Package Deal
- Transaction Amount: $4,570,000
- Address: 1344-1350 N. Gardner Ave.
- Market: Hollywood
- Future Development Units: 25
- Square Footage: 15,100
- Price per Square Foot: $302
The buyer's representatives in this transaction were Yohann Bensimon and Dan Malka from Ikon Capital Advisors.
Players
Merced Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.47%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93