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
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