Universal Court

4130 Cahuenga Boulevard | Universal City, CA

72,283 Square Foot Office Building

Universal Court

Details

Date Purchased: April, 1999
Purchase Price: $8,800,000
Sale Price: $13,525,000
Sale Date: August, 2002
Holding Period: 41 Months
Initial Investment: $2,265,000
Investor Proceeds from Sale: $4,123,000
Internal Rate of Return: 19.43%

Completed Business Plan

  • Acquired a 70% vacant office building in prime Universal City sub market at 90% of appraised “as-is” value and 62% of projected stabilized value
  • Renovated common areas for a “creative office” look
  • Upgraded tenant suites
  • Leased building to stabilized occupancy
  • Provided cash flow to investors during holding period
  • Sold after 41 month holding period for a significant profit

Persius Creative