Harout Mkrtchian Acquires Retail Property In North Hollywood From Caran Ebert
10649-10651 Burbank Blvd
$1,750,000
$528/SF
Building Size
3,313 SF
Asset Type
Retail
Closing
Nov 1, 2022
About this deal
AI
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.
Players
North Hollywood 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93