Jon Shook Acquires Retail Property In Studio City For $2.34M
11334 Moorpark St, Studio City, California 91604, United States
$2,340,000
$780/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Dec 1, 2021
AI
Located in Studio City, the retail property at 11334 Moorpark has recently been sold in a closed transaction. The transaction took place on December 1, 2021, with the property being sold for a price of $2,340,000. The property spans 3,000 square feet, resulting in a price per square foot of $780. The buyer in this transaction is Jon Shook, while the seller is Antoine Mott.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,340,000
- Address: 11334 Moorpark
- Market: Studio City
The transaction was facilitated by Steve Anavim from Conroy Commercial, who represented both parties involved. Steve Anavim played a crucial role as the broker in this deal, ensuring a smooth and successful transaction between the buyer and the seller.
Players
Los Angeles 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
6.78%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93