Yohann Bensimon & Dan Malka Acquire Hollywood Package Deal For $4.57M
SOLD
$4,570,000
California
See Similar DealsOther15,100 SF
Sold 06/21/2020
SOLD
Yohann Bensimon & Dan Malka Acquire Hollywood Package Deal For $4.57M
1350 North Gardner Avenue, Merced, California, USA
See Similar DealsOther15,100 SF
Sold 06/21/2020
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$302
Total Square Footage:15,100 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$243,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,236.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,664.13
Annual Debt Service$259,969.58
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