Vahan Yepremyan Acquires Office Building On Lankershim Blvd In North Hollywood For $4.35M
SOLD
$4,350,000
California
See Similar DealsOffice7,660 SF
Sold 12/13/2021
SOLD
Vahan Yepremyan Acquires Office Building On Lankershim Blvd In North Hollywood For $4.35M
4729 Lankershim Boulevard, North Hollywood, CA 91602
See Similar DealsOffice7,660 SF
Sold 12/13/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$567
Total Square Footage:7,660 SF
Transaction Type:Sale
The office property located at 4727-4729 Lankershim Blvd. in North Hollywood has been sold for a total price of $4,350,000. The property spans over 7,660 square feet, resulting in a price per square foot of $567. The transaction took place on 12/13/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,350,000
- Address: 4727-4729 Lankershim Blvd
- Market: North Hollywood
The buyer of the property is Vahan Yepremyan, while the seller is Gregory Zedlar and Brad Salo. Stacy Vierheilig-Fraser from Lee & Associates represented the buyer in the deal. Martin Agnew and Ryan Serling from the Agnew Serling Group at Marcus & Millichap acted as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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