Updated Sep 5, 2024
Armen Tumo Acquires Life Sciences Property On Lankershim Blvd, North Hollywood For $18.4M
4142 Lankershim Boulevard
$18,400,000
$306/SF
Building Size
60,087 SF
Asset Type
Life Sciences
Closing
Dec 9, 2022
About this deal
AI
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
Los Angeles Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93