Harout Mkrtchian Acquires Retail Property In North Hollywood From Caran Ebert
SOLD
$1,750,000
National
See Similar DealsRetail3,313 SF
Sold 11/01/2022
SOLD
Harout Mkrtchian Acquires Retail Property In North Hollywood From Caran Ebert
10649-10651 Burbank Blvd
See Similar DealsRetail3,313 SF
Sold 11/01/2022
Summary
Asset Type:Retail
Price Per Square Foot:$528
Total Square Footage:3,313 SF
Transaction Type:Sale
The retail property located at 10649-10651 Burbank Blvd in North Hollywood has been sold in a closed transaction. The property spans 3,313 square feet and was sold for a total price of $1,750,000, resulting in a price per square foot of $528.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,750,000
- Address: 10649-10651 Burbank Blvd, North Hollywood
- Market: North Hollywood
The buyer of the property is Harout Mkrtchian, while the seller is Caran Ebert. The deal was facilitated by Matthew Luchs and Brandon Michaels from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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