Ben Tanner Acquires Retail Space At 5142 Lankershim Boulevard North Hollywood For $2.025M

The asset involved in this transaction is a retail property located at 5142 Lankershim Boulevard in North Hollywood, CA, with a sale price of $2,025,000. The property encompasses a total of 4,295 square feet, resulting in a price per square foot of approximately $471.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,025,000
• Address: 5142 Lankershim Boulevard
• Market: North Hollywood
• Square Footage: 4,295
• Price Per Square Foot: $471
• Buyer: Ben Tanner
• Seller: Frank Kohanzadeh
• Seller's Representatives: Ethan Donel, Daniel Hirth & Alex Reyhan - The Hirth Group

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group managed the transaction, ensuring a thorough vetting process for the SBA buyer, confirming financial qualifications and intent. They coordinated with the existing tenant to secure estoppels and successfully delivered the transaction without issuing any credits to the buyer, thus safeguarding the seller's net proceeds.