Armen Tumo Acquires Life Sciences Property In North Hollywood For $18.4M With Jake Zacuto & Richard Ramer - Zacuto Group As Brokers
SOLD
$18,400,000
California
See Similar DealsOther60 SF
Sold 08/12/2022
SOLD
Armen Tumo Acquires Life Sciences Property In North Hollywood For $18.4M With Jake Zacuto & Richard Ramer - Zacuto Group As Brokers
4142 Lankershim Boulevard, North Hollywood, California 91602, United States
See Similar DealsOther60 SF
Sold 08/12/2022
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$306,666
Total Square Footage:60 SF
Transaction Type:Sale
The life sciences property located at 4142 - 4153 Lankershim Blvd in North Hollywood has been sold for a price of $18,400,000. The property spans an area of 60,087 square feet, resulting in a price per square foot of $306.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $18,400,000
- Address: 4142 - 4153 Lankershim Blvd, North Hollywood
- Market: North Hollywood
The buyer of the property is Armen Tumo, while Gregory Brooks is the seller. Jake Zacuto and Richard Ramer from Zacuto Group represented both parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$981,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,371.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,225.39
Annual Debt Service$1,046,704.65
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