Updated Dec 21, 2023
Yousef Saghian Acquires Retail Property In North Hollywood For $2.5M
12740 Sherman Way, North Hollywood, CA 91605, USA
$2,475,000
$248/SF
Building Size
9,952 SF
Asset Type
Retail
Closing
Nov 28, 2019
About this deal
AI
The retail property located at 12732-12740 Sherman Way in North Hollywood has been sold for $2,475,000. The property spans across 9,952 square feet, with a price per square foot of $248.69. This retail asset consists of 8 units, with a price per unit of $309,375.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,475,000
- Address: 12732-12740 Sherman Way
- Market: North Hollywood
- Square Footage: 9,952
- Price per Square Foot: $248.69
- Units: 8
- Price per Unit: $309,375
The buyer of this property is Yousef Saghian, while the sellers are Daniel Rodriguez and Tamyra Rodriguez. The transaction was facilitated by Brad Wetherby, Martin Agnew, and Ryan Serling of the Agnew Serling Group.
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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93