Kung Won Shin Purchases Office Property In Hollywood From Anthony Meindel For $3.57M
SOLD
$3,565,000
California
See Similar DealsOffice5,000 SF
Sold 08/21/2025
SOLD
Kung Won Shin Purchases Office Property In Hollywood From Anthony Meindel For $3.57M
905 Cole Avenue
See Similar DealsOffice5,000 SF
Sold 08/21/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$713
Total Square Footage:5,000 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 905 Cole Avenue in the Hollywood market. The property was sold for a total transaction amount of $3,565,000. It has a total square footage of 5,000, resulting in a price per square foot of $713.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,565,000
- Square Footage: 5,000
- Price per Square Foot: $713
- Buyer: Kung Won Shin
- Seller: Anthony Meindel
- Brokers: Jake Zacuto, Jackie Lubrano & Matthew Ambrose - Zacuto Group
- Date of Transaction: 08/21/2025
- Address: 905 Cole Avenue
- Market: Hollywood
Key individuals involved in this transaction include the buyer Kung Won Shin and the seller Anthony Meindel, who engaged brokers Jake Zacuto, Jackie Lubrano, and Matthew Ambrose from the Zacuto Group to facilitate the sale.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$190,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,665.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,899.92
Annual Debt Service$202,799.03
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