Updated Oct 29, 2024
Banner Real Estate Group Acquires Development Site In Woodland Hills For $10.78M
20401 Ventura Blvd Woodland Hills, CA 91364, USA
$10,780,000
$201/SF
Building Size
53,433 SF
Asset Type
Development Site
Closing
May 17, 2023
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93