Hotel In North Hollywood Sells For $10.45M With Brokers Josh Yammer, Sarhan Mheni, & Steven Schechter

The sale of a hotel located at 12600 Riverside Drive in North Hollywood was recently completed. The transaction took place on November 28, 2018, with a sale price of $10,450,000. The hotel consists of 58 units, with a price per unit (PPU) of $180,172. The property has a cap rate of 6.0% and a RRM (Residential Rental Market) of 5.0. The deal was facilitated by brokers Josh Yammer, Sarhan Mheni, and Steven Schechter.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $10,450,000
• Address: 12600 Riverside Drive, North Hollywood
• Market: North Hollywood
• Units: 58
• PPU: $180,172
• CAP: 6.0%
• RRM: 5.0

The sale was coordinated by brokers Josh Yammer, Sarhan Mheni, and Steven Schechter. They played a key role in facilitating the transaction, bringing together the buyer and seller to successfully complete the deal.