Updated Dec 19, 2023
Zacuto Group Acquires Office Campus In North Hollywood For $18.45M
4142 Lankershim Boulevard, North Hollywood, California 91602, United States
$18,450,000
$307/SF
Building Size
60,087 SF
Asset Type
Office
Closing
Dec 20, 2021
About this deal
AI
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
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Boundary boundary · Office · 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