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

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SOLD
$7,089,700

California

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Retail15,734 SF
Sold 04/24/2024
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Property Image
SOLD

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

4110 Cahuenga Boulevard & 4100 Cahuenga Boulevard

See Similar Deals
Retail15,734 SF
Sold 04/24/2024
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$450
Total Square Footage:15,734 SF
Transaction Type:Sale

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
9 deals$57.2M volume(805) 338-9232
BROKER

Dave Maron
NAI Global
4 deals$30.8M volume(626) 564-4800
BROKER

Details

SOLD
IMAGE: Rose O'sullivan & Dave Maron DATE: 04/24/2024 ADDRESS: 4110 & 4100 Cahuenga Boulevard MARKET: Toluca Lake ASSET TYPE: Portfolio Deal BUYER: Rodolfo Costella & Franco Simplicio - Ca’Del Sole SELLER: Jean Robaire & Devin Uzan - Houta Associates BROKERS: Rose O'Sullivan & Dave Maron - NAI Capital (@NAICapital) SALE PRICE: $7,089,700 SF: 7,867 ~ PPSF: $901 NOTE FROM BROKERS: Portfolio sale included two transactions : 4100 Cahuenga ($4,700,000) and 4110 Cahuenga ( $2,389,700). ’Del Sole

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$378,117.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,188.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,608.79
Annual Debt Service$403,305.54