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4110 Cahuenga Boulevard

Rodolfo Costella & Franco Simplicio Purchase Portfolio Deal In Toluca Lake For $7.09M
SOLDRetail

Rodolfo Costella & Franco Simplicio Purchase Portfolio Deal In Toluca Lake For $7.09M

4110 Cahuenga Boulevard & 4100 Cahuenga Boulevard

$7,089,700

$450/SF

Building Size

15,734 SF

Asset Type

Retail

Closing

Apr 24, 2024

AI

The portfolio deal at 4110 & 4100 Cahuenga Boulevard, Toluca Lake, involved two transactions totaling $7,089,700. The assets consist of 7,867 square feet, with a price per square foot of $901. The buyers were Rodolfo Costella & Franco Simplicio from Ca’Del Sole, while the sellers were Jean Robaire & Devin Uzan from Houta Associates. The sale was facilitated by Rose O'Sullivan & Dave Maron from NAI Capital.

Summary of transaction details:

  • Property Type: Portfolio Deal
  • Transaction Amount: $7,089,700
  • Buyer: Rodolfo Costella & Franco Simplicio - Ca’Del Sole
  • Seller: Jean Robaire & Devin Uzan - Houta Associates
  • Brokers: Rose O'Sullivan & Dave Maron - NAI Capital
  • Address: 4110 & 4100 Cahuenga Boulevard
  • Market: Toluca Lake

The portfolio sale at 4110 & 4100 Cahuenga Boulevard had two distinct transactions: 4100 Cahuenga was sold for $4,700,000, and 4110 Cahuenga was sold for $2,389,700. This transaction showcased the successful coordination between the buyers, sellers, and the brokerage team, resulting in a noteworthy real estate deal.

Players

Rose O'sullivan

NAI Global

Broker

$57.2M

vol

9 deals

Broker

Toluca Lake 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

2.24%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93