Updated Sep 5, 2024
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
$18,400,000
$306,666/SF
Building Size
60 SF
Asset Type
Other
Closing
Aug 12, 2022
About this deal
AI
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.
Players
North Hollywood Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93