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4220 Lankershim Boulevard

Muhammad Muhammed Purchases Office Building On Lankershim Boulevard For $3.8M
SOLDOffice

Muhammad Muhammed Purchases Office Building On Lankershim Boulevard For $3.8M

4220 Lankershim Boulevard

$3,800,000

$404/SF

Building Size

9,386 SF

Asset Type

Office

Closing

Sep 29, 2023

AI

The property involved in this transaction is an office space located at 4220 Lankershim Boulevard in North Hollywood. The property spans a total of 9,386 square feet and was sold for $3,800,000, making the price per square foot $405.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,800,000
  • Square Footage: 9,386 sq ft
  • Address: 4220 Lankershim Boulevard, North Hollywood
  • Market: North Hollywood

The buyer in this transaction is Muhammad Muhammed, while the seller is Mikey Mike. The buyer was represented by Ethan Donel and Alex Reyhan from The Hirth Group, which is affiliated with Keller Williams. On the other hand, the seller was represented by Daniel Hirth and Elijah Suval, also from The Hirth Group.

According to the buyer's representatives, Ethan Donel and Alex Reyhan, they were able to identify a perfect owner-user for the property. The buyer not only recognized the value in the property but also presented an offer that the seller found favorable. Throughout the deal, the buyer's team negotiated three extensions to the escrow closing date while providing non-refundable pass through dollars amounting to over $300,000 to the seller.

Players

Elijah Suval

Keller Williams Realty

Broker

$47.5M

vol

23 deals

Broker

North Hollywood 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93