Agora Realty & Management Acquires Medical Office In Tarzana, CA For $30M
SOLD
$30,000,000
California
See Similar Deals75,000 SF
Sold 10/17/2022
SOLD
Agora Realty & Management Acquires Medical Office In Tarzana, CA For $30M
5525 Etiwanda Avenue, Tarzana, California 91356, United States
See Similar Deals75,000 SF
Sold 10/17/2022
Summary
CALIFORNIA
Price Per Square Foot:$400
Total Square Footage:75,000 SF
Transaction Type:Sale
Located at 5525 Etiwanda Ave in Tarzana, CA, this property is a Medical Office building that was recently sold. The sale took place on October 17, 2022, with a total transaction amount of $30,000,000. The property spans over 75,000 square feet, resulting in a price per square foot of $400.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $30,000,000
- Address: 5525 Etiwanda Ave, Tarzana, CA
- Market: Tarzana, CA
- Buyer: Agora Realty & Management - Cary Lefton
- Square Footage: 75,000
- Price per Square Foot: $400
The buyer in this transaction was Agora Realty & Management represented by Cary Lefton. This successful deal highlights the growing demand for medical office spaces in the Tarzana market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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