Sharp Capital & One Cole Group Acquire Retail Condo On Vine Street, Hollywood For $17M
SOLD
$17,000,000
California
See Similar DealsRetail33,362 SF
Sold 02/20/2020
SOLD
Sharp Capital & One Cole Group Acquire Retail Condo On Vine Street, Hollywood For $17M
1253 Vine Street, Central LA, Los Angeles, CA, USA
See Similar DealsRetail33,362 SF
Sold 02/20/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$509
Total Square Footage:33,362 SF
Transaction Type:Sale
A retail condo located at 1253 Vine Street in Hollywood has been sold for $17,000,000. The property covers an area of 33,362 square feet, resulting in a price per square foot of $509.56. The transaction took place on February 20, 2020.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $17,000,000
- Address: 1253 Vine Street
- Market: Hollywood
- Square Footage: 33,362
- Price per Square Foot: $509.56
The buyer of the property is Sharp Capital and One Cole Group, while the seller is Alca Properties, LTD.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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