Banner Real Estate Group Acquires Development Site In Woodland Hills For $10.78M
SOLD
$10,780,000
California
See Similar DealsDevelopment Site53,433 SF
Sold 05/17/2023
SOLD
Banner Real Estate Group Acquires Development Site In Woodland Hills For $10.78M
20401 Ventura Blvd Woodland Hills, CA 91364, USA
See Similar DealsDevelopment Site53,433 SF
Sold 05/17/2023
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$201
Total Square Footage:53,433 SF
Transaction Type:Sale
Banner Real Estate Group has acquired a development site in Woodland Hills. The property, located at 20401 Ventura Boulevard, was sold by Kamyar Marouni for a total price of $10,780,000. The site spans 53,433 square feet, resulting in a price per square foot of $202.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,780,000
- Address: 20401 Ventura Boulevard
- Market: Woodland Hills
The deal was facilitated by brokers Brandon Michaels, Matthew Luchs, and Steven Schechter of the Brandon Michaels Group, who represented both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$574,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,299.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,102.70
Annual Debt Service$613,232.40
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