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Koach Capital & Shryne Group Inc. Acquires Retail Property In North Hollywood For $5.25M

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SOLD
$5,250,000

California

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Retail9,100 SF
Sold 05/03/2022
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Property Image
SOLD

Koach Capital & Shryne Group Inc. Acquires Retail Property In North Hollywood For $5.25M

6218 Lankershim Boulevard, North Hollywood, California 91606, United States

See Similar Deals
Retail9,100 SF
Sold 05/03/2022
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$576
Total Square Footage:9,100 SF
Transaction Type:Sale

Located in the vibrant market of North Hollywood, the retail property at 6218 Lankershim Blvd. has changed hands in a recent transaction. The property spans a total area of 9,100 square feet, offering ample space for various retail ventures. The transaction took place on 05/03/2022, with a sale price of $5,250,000, resulting in a price per square foot of $576. The property is situated in an attractive commercial area, providing a lucrative opportunity for the new owners.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,250,000
  • Address: 6218 Lankershim Blvd.
  • Market: North Hollywood

Koach Capital and Shryne Group Inc. emerged as the buyers of this retail property. They were represented by Richard Cheng and Dan Fagan from Urbanlime Real Estate, ensuring a smooth and successful transaction. On the selling side, Lanker Properties, with Jeffrey Kabakoff at the helm, facilitated the deal. With the expertise of these individuals and companies, the transaction was executed with precision and efficiency.

Players

Richard Cheng
2 deals$5.3M volume
BROKER

Dan Fagan
Urbanlime Real Estate
2 deals$5.3M volume
BROKER

Details

SOLD
IMAGE: Richard Cheng & Dan Fagan DATE: 05/03/2022 ADDRESS: 6218 Lankershim Blvd. MARKET: North Hollywood ASSET TYPE: Retail BUYER: Koach Capital & Shryne Group Inc. SELLER: Lanker Properties - Jeffrey Kabakoff BUYER’S REP: Richard Cheng (@Richard_CRE) & Dan Fagan (@SocalRetailMan) - Urbanlime Real Estate SALE PRICE: $5,250,000 SF: 9,100 ~ PPSF: $576

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
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