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:
- Property Type: Development Site
- Transaction Amount: $3,600,000
- Address: 933 South North Lake Drive
- Market: Hollywood
- Seller: Cathy Sheppard
- Buyer: Moshe Lehrer
- Brokers: Yaacov Poston, Shlomo Poston & Aliza Shaulson - The Real Estate Lab
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
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