Vartan Keshishian Acquires Retail Property In North Hollywood From Edward Jacobs For $4.07M
12902 Victory Boulevard
$4,070,000
$632/SF
Building Size
6,440 SF
Asset Type
Retail
Closing
Apr 2, 2025
AI
The transaction involves a retail property located at 12902 Victory Boulevard in North Hollywood. The asset was sold for a total of $4,070,000, covering an area of 6,440 square feet, resulting in a price per square foot of $631.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,070,000
- Address: 12902 Victory Boulevard
- Market: North Hollywood
- Square Footage: 6,440
- Price Per Square Foot: $631
- Buyer: Vartan Keshishian
- Seller: Edward Jacobs
- Brokers: Brandon Michaels & Steven Schechter - Marcus & Millichap
Brandon Michaels and Steven Schechter represented both parties in this transaction, facilitating the sale between buyer Vartan Keshishian and seller Edward Jacobs. The brokers are affiliated with Marcus & Millichap, a company specializing in commercial real estate transactions.
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
3.90%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93