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4019 Tujunga Avenue, Studio...

Voltage Pictures Acquires Office Building On Tujunga Ave. In Los Angeles For $8.5M
SOLDOffice

Voltage Pictures Acquires Office Building On Tujunga Ave. In Los Angeles For $8.5M

4019 Tujunga Avenue, Studio City, California 91604, United States

$8,500,000

$983/SF

Building Size

8,646 SF

Asset Type

Office

Closing

May 5, 2022

AI

The office building located at 4019 Tujunga Ave. in Los Angeles has been sold in a recent transaction. The property spans over 8,646 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $983.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $8,500,000
  • Address: 4019 Tujunga Ave., Los Angeles
  • Market: Los Angeles
  • Buyer: Voltage Pictures
  • Seller: The Shalizi Group
  • Broker: Shaya Braverman - Keller Williams

The buyer, Voltage Pictures, acquired the office building from the seller, The Shalizi Group. The transaction was facilitated by Shaya Braverman from Keller Williams acting as the broker. The deal represents a significant investment in the Los Angeles market, reflecting the value and potential of this property.

Players

Shaya Braverman

Keller Williams Realty

Broker

$92.7M

vol

10 deals

Broker
Compass
CompassBrokerage

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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93