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933 South North Lake Drive

Moshe Lehrer Acquires Development Site On South North Lake Drive For $3.6M
SOLDDevelopment Site

Moshe Lehrer Acquires Development Site On South North Lake Drive For $3.6M

933 South North Lake Drive

$3,600,000

$103/SF

Building Size

34,835 SF

Asset Type

Development Site

Closing

Jun 20, 2024

AI

The Development Site located at 933 South North Lake Drive in Hollywood was sold for $3,600,000. The property spans 34,835 square feet with a price per square foot of $103. Additionally, the building on the site encompasses 20,135 square feet, equating to a price per square foot of $179.

Summary of transation details:

The sale of this Development Site was facilitated by brokers Yaacov Poston, Shlomo Poston, and Aliza Shaulson from The Real Estate Lab. Moshe Lehrer acquired the property from seller Cathy Sheppard at the mentioned price point. This transaction highlights the successful collaboration between the involved parties in the Hollywood real estate market.

Players

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker

Hollywood Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93