Michael Breland Acquires Retail Property On Hyperion Ave In Silver Lake For $3.1M
1825 Hyperion Avenue, Los Angeles, California 90027, United States
$3,100,000
$587/SF
Building Size
5,273 SF
Asset Type
Retail
Closing
May 23, 2022
AI
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
Los Angeles 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93