Mark Ciancuilli Acquires Retail Property On Lankershim Boulevard In North Hollywood
5066 Lankershim Boulevard
$3,500,000
$700/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Dec 23, 2022
AI
A retail property located at 5066 Lankershim Boulevard in North Hollywood has been sold for $3,500,000. The property spans 5,000 square feet and was sold at a price per square foot of $700. The transaction took place on December 23, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Square Footage: 5,000
- Address: 5066 Lankershim Boulevard
- Market: North Hollywood
The buyer of the property is Mark Ciancuilli, while the seller is Weijun Zeng. The deal was facilitated by Blas Fernandez, Syuzi Hakobyan, and Haik Bokhchalian of JohnHart Real Estate, acting as brokers. They represented both the buyer and the seller.
Players
North Hollywood 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93