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Zacuto Group Acquires Office Campus In North Hollywood For $18.45M

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SOLD
$18,450,000

California

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Office60,087 SF
Sold 12/20/2021
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Property Image
SOLD

Zacuto Group Acquires Office Campus In North Hollywood For $18.45M

4142 Lankershim Boulevard, North Hollywood, California 91602, United States

See Similar Deals
Office60,087 SF
Sold 12/20/2021
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$307
Total Square Footage:60,087 SF
Transaction Type:Sale

Jake Zacuto, Richard Ramer, and Stacy Vierheilig were involved in the sale of an office asset located at 4142-4146 Lankershim Blvd. in North Hollywood. The transaction took place on December 20, 2021, with a sale price of $18,450,000. The property spans over 60,087 square feet, resulting in a price per square foot of $307.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $18,450,000
  • Address: 4142-4146 Lankershim Blvd.
  • Market: North Hollywood

In this deal, Jake Zacuto and Richard Ramer, representing Zacuto Group, acted as the buyer's representatives. They facilitated the acquisition of the office campus on behalf of the buyer. The intention behind this purchase is to transform the property into a Life Sciences focused campus. On the other hand, the seller, Craig Large, was represented by Stacy Vierheilig from Lee & Associates.

Please note that the provided information is based on the Instagram post by Zacuto Group and does not indicate the presence of any additional details.

Players

Jake Zacuto
59 deals$368.6M volume(310) 469-9012
BROKER

Stacy Vierheilig
Lee & Associates
3 deals$24.1M volume
BROKER

Richard Ramer
Zacuto Group
3 deals$55.3M volume
BROKER

Details

SOLD
IMAGE: Jake Zacuto, Richard Ramer & Stacy Vierheilig DATE: 12/20/2021 ADDRESS: 4142-4146 Lankershim Blvd. MARKET: North Hollywood ASSET TYPE: Office SELLER: Craig Large BUYER’S REP: Jake Zacuto (@ZacutoGroup) & Richard Ramer - Zacuto Group SELLER’S REP: Stacy Vierheilig (@VF_Stacy) – Lee & Associates SALE PRICE: $18,450,000 SF: 60,087 ~ PPSF: $307 NOTE FROM @ZacutoGroup: Jake Zacuto & Richard Ramer of Zacuto Group represented the Buyer in the acquisition of 4142-4146 Lankershim Blvd., a 60,087 SF Office Campus in North Hollywood. The Buyer intends to develop the property into a Life Sciences focused campus. Stacy Vierheilig of Lee & Associates represented the Seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$984,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,548.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,462.41
Annual Debt Service$1,049,548.95