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
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