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6218 Lankershim Boulevard, ...

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

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

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

$5,250,000

$576/SF

Building Size

9,100 SF

Asset Type

Retail

Closing

May 2, 2022

AI

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

Urbanlime Real Estate

Broker

$5.3M

vol

2 deals

Broker

Los Angeles 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93