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10505 Victory Boulevard, No...

Emil Teadolmanesh Acquires Retail Property In North Hollywood For $2.95M
SOLDRetail

Emil Teadolmanesh Acquires Retail Property In North Hollywood For $2.95M

10505 Victory Boulevard, North Hollywood, California 91606, United States

$2,950,000

$173,529/SF

Building Size

17 SF

Asset Type

Retail

Closing

Apr 17, 2023

AI

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.

Players

Kyle Pari

Matthews

Broker

$29.5M

vol

10 deals

Broker

Emil Teadolmanesh

Buyer

$3M

vol

2 deals

Buyer

North Hollywood Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93