Kung Won Shin Purchases Office Property In Hollywood From Anthony Meindel For $3.57M
905 Cole Avenue
$3,565,000
$713/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Aug 21, 2025
AI
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
Los Angeles 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
4.45%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93