Mark Ciancuilli Acquires Retail Property On Lankershim Boulevard In North Hollywood
SOLD
$3,500,000
California
See Similar DealsRetail5,000 SF
Sold 12/23/2022
SOLD
Mark Ciancuilli Acquires Retail Property On Lankershim Boulevard In North Hollywood
5066 Lankershim Boulevard
See Similar DealsRetail5,000 SF
Sold 12/23/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$700
Total Square Footage:5,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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