Jon Shook Acquires Retail Property In Studio City For $2.34M
SOLD
$2,340,000
California
See Similar DealsRetail3,000 SF
Sold 12/01/2021
SOLD
Jon Shook Acquires Retail Property In Studio City For $2.34M
11334 Moorpark St, Studio City, California 91604, United States
See Similar DealsRetail3,000 SF
Sold 12/01/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$780
Total Square Footage:3,000 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,313.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,092.79
Annual Debt Service$133,113.53
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