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
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