Yasam Legacy LLC Acquires 11305 Magnolia BLVD For $9.8M In Eutawville
11305 Magnolia BLVD, North Hollywoo...
$9,800,000
$446/SF
Building Size
21,973 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The mixed-use building located at 11305 Magnolia Blvd. in North Hollywood, known as Andrew’s Plaza, spans 21,973 square feet. It was acquired by Yasam Legacy LLC from a limited liability company for $9.8 million. The property was 96.9 percent occupied at the time of sale, with a mix of retail and office tenants.
Summary of transaction details:
- Property Type: Mixed-use building
- Transaction Amount: $9,800,000.00
- Address: 11305 Magnolia Blvd, North Hollywood
- Market: Eutawville
Martin Agnew of Marcus & Millichap represented the buyer, Yasam Legacy LLC, in the transaction. On the other hand, Ryan Rothstein-Serling, also from Marcus & Millichap, represented the seller, a Limited Liability Company.
Players
Eutawville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93