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11305 Magnolia BLVD, North ...

Yasam Legacy LLC Acquires 11305 Magnolia BLVD For $9.8M In Eutawville
SOLD

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

Martin Agnew

Marcus & Millichap

Broker

$458.1M

vol

128 deals

Broker
AC
A Limited Liability CompanySeller

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