Updated Dec 19, 2023
Brandon Michaels & Steven Schechter Sell North Hollywood Retail Property For $4.75M
12919 Victory Blvd, North Hollywood, CA 91606, USA
$4,750,000
$99/SF
Building Size
47,920 SF
Asset Type
Retail
Closing
Oct 20, 2020
About this deal
AI
The property involved in this transaction is a retail asset located at 12919 Victory Boulevard in North Hollywood. The property, which was formerly a McDonald's restaurant, covers an area of 4,792 square feet. The sale price for this property was $4,750,000, resulting in a price-per-square-foot value of $991.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,750,000
- Address: 12919 Victory Boulevard
- Market: North Hollywood
The deal was facilitated by brokers Brandon Michaels and Steven Schechter.
The retail sale at 12919 Victory Blvd, North Hollywood, CA 91606, USA in North Hollywood, California sold for $4.8M in 2020. The building is 47,920 square feet, implying about 99 per square foot on the published price. Steven Schechter, Brandon Michaels, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the North Hollywood, California file for the 12919 Victory Blvd, North Hollywood, CA 91606, USA retail sold: pricing, party profiles, and other closed retail comps from the same North Hollywood sit in the Market section below. Filter that North Hollywood retail set by closing date to see what else sold near 12919 Victory Blvd, North Hollywood, CA 91606, USA around 2020. Published consideration for 12919 Victory Blvd, North Hollywood, CA 91606, USA is $4.8M, dated 2020. Cite this Brandon Michaels & Steven Schechter Sell North Hollywood Retail Property For $4.75M sale when underwriting similar retail product around North Hollywood, California.
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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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93