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21300 Oxnard Street

Updated Dec 4, 2024

Meta Housing Acquires Development Site In Woodland Hills For $16.26M
SOLDDevelopment Site

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

About this deal

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

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.

On the Map

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$16,260,000

$165/SF

Development Site

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Players

Brandon Michaels

Marcus & Millichap

Broker

$771M

vol

143 deals

Broker
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Woodland Hills Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $165 per square foot on a published $16.3M for 98,567 square feet (2024).

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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

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