Kord Holdings Acquires Office At 3729 Cahuenga Boulevard Los Angeles For $4.35M
3729 Cahuenga Boulevard
$4,350,000
$318/SF
Building Size
13,640 SF
Asset Type
Office
Closing
Oct 11, 2024
AI
The property asset involved in this transaction is located at 3729 Cahuenga Boulevard in Los Angeles, categorized as an office space. The sale price of the property was $4,350,000, encompassing a total square footage of 13,640, translating to a price per square foot of $318.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,350,000
- Address: 3729 Cahuenga Boulevard
- Market: Los Angeles
- Square Footage: 13,640
- Price Per Square Foot: $318
- Buyer: Kord Holdings
- Broker: Nicole Mihalka & Cal Ross - JLL
This transaction was facilitated by brokers Nicole Mihalka and Cal Ross, who represented Kord Holdings in the acquisition of the property. Their involvement highlights the brokerage firm's significant role in successfully executing this transaction within the competitive Los Angeles market.
Players
Studio City Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93