Lankershim Hamlin Acquires Retail Property From The Debbie Reynolds Family For $6.1M

The property asset involved in this transaction is a retail space located at 6514 Lankershim Boulevard in North Hollywood. It comprises 19,000 square feet and was sold for $6.1 million. The property features a lounge area, dressing rooms, showers, and six separate rooms, accompanied by a large parking lot.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $6,100,000.00
• Address: 6514 Lankershim BLVD, North Hollywood
• Buyer: Lankershim Hamlin
• Seller: The Debbie Reynolds Family
• Buyer's Representative: Travis Zidek-Keller Williams
• Seller's Representative: Michael Eisenberg-Keller Williams
• Square Footage: 19,000

This transaction occurred just 24 hours before the property was scheduled to be auctioned as part of the Carrie Fisher and Debbie Reynolds personal property collection. The buyer, Lankershim Hamlin, is associated with investor Alan Kleinman, who plans to keep the dance studio intact until future plans for the nearly one-acre site are solidified.