Meta Housing Acquires Development Site In Woodland Hills For $16.26M
21300 Oxnard Street
$16,260,000
$165/SF
Building Size
98,567 SF
Asset Type
Development Site
Closing
Jan 30, 2024
AI
Meta Housing has acquired a development site located at 21300 Oxnard Street in Woodland Hills for a total sale price of $16,260,000. The property spans a total area of 98,567 square feet, resulting in a price per square foot of $165. The seller of the site was Raymond Saviss, and the transaction was facilitated by Marcus & Millichap, with Brandon Michaels, Matthew Luchs, and Lonnie Mcdermott representing both the buyer and the seller.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $16,260,000
- Address: 21300 Oxnard Street
- Market: Woodland Hills
- Square Footage: 98,567
- Price per Square Foot: $165
- Buyer: Meta Housing
- Seller: Raymond Saviss
- Brokers: Brandon Michaels, Matthew Luchs, and Lonnie Mcdermott - Marcus & Millichap
Meta Housing successfully acquired the development site at 21300 Oxnard Street in Woodland Hills. Both the buyer and the seller were represented by the team of Brandon Michaels, Matthew Luchs, and Lonnie Mcdermott from Marcus & Millichap. This transaction marks an important milestone in the real estate landscape, showcasing the active involvement of key individuals and companies in the Woodland Hills market.
Players
Woodland Hills Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93