Brandon Michaels & Steven Schechter Sell North Hollywood Retail Property For $4.75M
SOLD
$4,750,000
California
See Similar DealsRetail47,920 SF
Sold 10/21/2020
SOLD
Brandon Michaels & Steven Schechter Sell North Hollywood Retail Property For $4.75M
12919 Victory Blvd, North Hollywood, CA 91606, USA
See Similar DealsRetail47,920 SF
Sold 10/21/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$99
Total Square Footage:47,920 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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