Emil Teadolmanesh Acquires Retail Property In North Hollywood For $2.95M
SOLD
$2,950,000
California
See Similar DealsRetail17 SF
SOLD
Emil Teadolmanesh Acquires Retail Property In North Hollywood For $2.95M
10505 Victory Boulevard, North Hollywood, California 91606, United States
See Similar DealsRetail17 SF
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$173,529
Total Square Footage:17 SF
Transaction Type:Sale
Located at 10505 Victory Blvd in North Hollywood, CA, this retail property recently changed hands in a sale transaction. The property spans 17,570 square feet and was sold for a price of $2,950,000, resulting in a price per square foot of $168. The deal was closed on October 27, 2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,950,000
- Square Footage: 17,570
- Price per Square Foot: $168
- Address: 10505 Victory Blvd, North Hollywood, CA
- Market: North Hollywood, CA
The buyer of this retail property is Emil Teadolmanesh. Representing the seller was Kyle Pari and Michael Pakravan from Matthews Real Estate Investment Services. Their expertise and negotiation skills played a crucial role in facilitating a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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