Armen Tumo Acquires Life Sciences Property On Lankershim Blvd, North Hollywood For $18.4M
SOLD
$18,400,000
California
See Similar DealsLife Sciences60,087 SF
Sold 12/09/2022
SOLD
Armen Tumo Acquires Life Sciences Property On Lankershim Blvd, North Hollywood For $18.4M
4142 Lankershim Boulevard
See Similar DealsLife Sciences60,087 SF
Sold 12/09/2022
Summary
CALIFORNIA
Asset Type:Life Sciences
Price Per Square Foot:$306
Total Square Footage:60,087 SF
Transaction Type:Sale
The property at 4142 – 4153 Lankershim Blvd in North Hollywood has been sold in a transaction valued at $18,400,000. The asset involved in this transaction is a life sciences property, with a total square footage of 60,087. The price per square foot for this property is $306.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $18,400,000
- Address: 4142 – 4153 Lankershim Blvd
- Market: North Hollywood
The buyer in this transaction is Armen Tumo, while the seller is Gregory Brooks. The brokers involved in the deal are Jake Zacuto and Richard Ramer from the Zacuto Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$981,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,371.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,225.39
Annual Debt Service$1,046,704.65
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