Updated Dec 19, 2023
Sam Cohen's OBI Commercial Inc. Represents Tenant In Encino Medical Office Lease
16260 Ventura Boulevard, Encino, California 91436, United States
Building Size
3,000 SF
Asset Type
—
Closing
Jan 25, 2022
About this deal
AI
A medical office located at 16260 Ventura Blvd. in Encino has been leased in a recent transaction. The property, with a square footage of 3,000, was leased for a term of 5 years. The tenant's representative in the deal was Sam Cohen from OBI Commercial Inc. The asking rent for the lease was $3 per square foot.
Summary of transaction details:
- Property Type: Medical Office
- Address: 16260 Ventura Blvd.
- Market: Encino
- Tenant's Rep: Sam Cohen - OBI Commercial Inc.
- Asking Rent: $3 per square foot
- Lease Terms: 5 years
Sam Cohen from OBI Commercial Inc. represented the tenant in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93