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4142 Lankershim Boulevard, ...

Updated Dec 19, 2023

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

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

Jake Zacuto

Zacuto Group

Broker

$396.3M

vol

60 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $307 per square foot on a published $18.5M for 60,087 square feet (2021).

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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

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