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4070 Laurel Canyon Boulevar...

Tiger West Capital Acquires Retail Property In Studio City For $5.35M
SOLDRetail

Tiger West Capital Acquires Retail Property In Studio City For $5.35M

4070 Laurel Canyon Boulevard, Studio City, CA 91604, USA

$5,350,000

$536/SF

Building Size

9,973 SF

Asset Type

Retail

Closing

Sep 15, 2021

AI

Located at 4070 Laurel Canyon Blvd. in Studio City, this retail property was recently sold in a transaction facilitated by Tiger West Capital and Johnson Gymnasium. The property spans approximately 9,973 square feet and was sold for a price of $5,350,000, resulting in a price per square foot of $536. With its prime location in Studio City, this retail asset offers a lucrative investment opportunity.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $5,350,000
  • Address: 4070 Laurel Canyon Blvd.
  • Market: Studio City

Tiger West Capital, represented by Daniel Farasat, acted as the buyer in this transaction. South Park Group, with Steve Ravan as their representative, helped facilitate the purchase on behalf of Tiger West Capital. On the seller's side, Johnson Gymnasium engaged Toby Johnson as their representative. NAI Capital played a role in the transaction, with Mike Zugsmith and Steve Weiss representing the seller. The collaboration between these individuals and companies ensured a successful sale of this retail property in Studio City.

Players

Steven Weiss

NAI Global

Broker

$61.7M

vol

7 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.97%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93