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
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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