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3729 Cahuenga Boulevard

Kord Holdings Acquires Office At 3729 Cahuenga Boulevard Los Angeles For $4.35M
SOLDOffice

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

Nicole Mihalka

CBRE

Broker

$29.6M

vol

11 deals

Broker

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