Toluca Park Place Acquires 10220 Riverside Drive Mixed-Use Asset In Toluca Lake For $2.5M
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This Mixed-use property located in CA was sold for $2,475,000 over 4 years ago. The brokers of the deal were Daniel Hirth, Alex Reyhan, and Ethan Donel
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- Location10220 Riverside Drive, Toluca Lake, CA 91602, USA
- Sale Price$2,475,000$555 PPSF
- Area4,456 SF
- Asset TypeMixed-use
- Parties3 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Daniel Hirth @hirthgroup, Alex Reyhan @alex_reyhan & Ethan Donel @ethandonel
DATE: 12/18/2019
ADDRESS: 10220 Riverside Drive
MARKET: Toluca Lake
ASSET TYPE: Mixed-Use
PRICE: $2,475,000
SF: 4,456
PPSF: $555.43
UNITS: 2
PPU: $1,237,500
CAP: %5.06
BUYER: Toluca Park Place
SELLER: Moliver
BROKERS: Daniel Hirth, Alex Reyhan, Ethan Donel
NOTES: The Hirth Group is pleased to announce another successful closing of 10220 Riverside Drive in prime Toluca Lake! Daniel Hirth, Alex Reyhan, and Ethan Donel represented both the buyer and seller in this transaction by procuring nearly a dozen offers within the first two weeks of marketing. The Hirth Group was successful in breaking a record in Toluca Lake at $555.43 a foot for a two unit mixed use retail/office building totaling ±4,456 SF with no on-site parking. The Skin Agency and the accounting firm known as Foumberg, Juneja, Rocher & Company occupy the property. The building was fully renovated in 2017 and was fully occupied at the time of sale. • 5.06% CAP / 8.70% Pro Forma, • ±4,456 SF of Building | ±5,043 SF Lot, • Price Per SF: $555.43, • Procured Nearly a Dozen Offers, • Two Tenants | Mixed Use Retail/Office | Zero Parking, • Prime Toluca Lake Submarket.
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