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5525 Etiwanda Avenue, Tarza...

Agora Realty & Management Acquires Medical Office In Tarzana, CA For $30M
SOLD

Agora Realty & Management Acquires Medical Office In Tarzana, CA For $30M

5525 Etiwanda Avenue, Tarzana, California 91356, United States

$30,000,000

$400/SF

Building Size

75,000 SF

Asset Type

Closing

Oct 16, 2022

AI

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.

Players

AM
Agora Realty & ManagementBuyer

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93