60 Mclean Avenue, LLC Acquires Office Property In Hollywood For $8.4M
4600 Sheridan Street
$8,400,000
$266/SF
Building Size
31,500 SF
Asset Type
Office
Closing
Aug 11, 2022
About this deal
AI
The office building located at 4600 Sheridan St in Hollywood has been sold in a closed transaction. The property spans 31,500 square feet and was sold for a price of $8,400,000, resulting in a price per square foot of $267.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,400,000
- Address: 4600 Sheridan St, Hollywood
- Market: Hollywood
The buyer of the property is 60 Mclean Avenue, LLC represented by Sid Newman, the manager of the company. On the other hand, the seller is Israel Sheridan Wells, LLC, represented by Ken Israel. The deal was facilitated by the brokers Steven Newman and Martine Newman of The Newman Group.
On the Map
$8,400,000
$266/SF
Office
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Players
Riverdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93