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Michael Breland Acquires Retail Property On Hyperion Ave In Silver Lake For $3.1M

Property Image
SOLD
$3,100,000
Richard Maloof
Floyd Shaheen
Emily Shikhvarger

California

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Retail5,273 SF
Sold 05/24/2022
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Property Image
SOLD

Michael Breland Acquires Retail Property On Hyperion Ave In Silver Lake For $3.1M

1825 Hyperion Avenue, Los Angeles, California 90027, United States

See Similar Deals
Retail5,273 SF
Sold 05/24/2022
Richard Maloof
Floyd Shaheen
Emily Shikhvarger
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$587
Total Square Footage:5,273 SF
Transaction Type:Sale

The retail property located at 1825 Hyperion Ave in Silver Lake has been sold for a price of $3,100,000. The property spans across 5,273 square feet and was sold at a rate of $587 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,100,000
  • Address: 1825 Hyperion Ave
  • Market: Silver Lake
  • Square Footage: 5,273

The buyer of the property was Michael Breland, while Pamela Poulin acted as the seller. Richard Maloof from Industry Partners represented the buyer, and Floyd Shaheen and Emily Shikhvarger from Marcus & Millichap represented the seller in this transaction.

Players

Emily Shikhvarger
Marcus & Millichap
Emily Shikhvarger
10 deals$21.7M volume
BROKER
Floyd Shaheen
Marcus & Millichap
Floyd Shaheen
29 deals$82M volume
BROKER
Richard Maloof
Industry Partners
Richard Maloof
8 deals$16.9M volume
BROKER

Details

SOLD
IMAGE: Emily Shikhvarger & Floyd Shaheen DATE: 05/24/2022 ADDRESS: 1825 Hyperion Ave. MARKET: Silver Lake ASSET TYPE: Retail BUYER: Michael Breland SELLER: Pamela Poulin BUYER’S REP: Richard Maloof - Industry Partners SELLER’S REP: Floyd Shaheen (@FloydGroupCRE) & Emily Shikhvarger (@EmilyShiky) - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $3,100,000 SF: 5,273 ~ PPSF: $587

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98