Updated Dec 20, 2023
Lernik Moses Acquires Retail Property In Studio City For $2.41M
12445 Moorpark Street, Studio City, California 91604, United States
$2,410,000
$439/SF
Building Size
5,489 SF
Asset Type
Retail
Closing
Dec 15, 2021
About this deal
AI
A retail property located at 12445 Moorpark Street in Studio City has been sold in a recent transaction. The property spans 5,489 square feet and was sold for $2,410,000, resulting in a price per square foot of $439. The sale took place on December 16, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,410,000
- Address: 12445 Moorpark Street
- Market: Studio City
The buyer of the property is Lernik Moses, while the seller is Lisa Betsalel. The brokers involved in the transaction are Brandon Michaels, Matthew Luchs, and Steven Schechter from the Brandon Michaels Group.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.58%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93