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5066 Lankershim Boulevard

Mark Ciancuilli Acquires Retail Property On Lankershim Boulevard In North Hollywood
SOLDRetail

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

Blas Fernandez

IKON Properties

Broker

$93.8M

vol

34 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

North Hollywood 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93