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W-F Catalina Owner IX Acquires Industrial Property In Warner Center For $61M

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SOLD
$61,000,000

California

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Industrial187,000 SF
Sold 02/15/2022
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Property Image
SOLD

W-F Catalina Owner IX Acquires Industrial Property In Warner Center For $61M

21200 Victory Boulevard, Woodland Hills, California 91367, United States

See Similar Deals
Industrial187,000 SF
Sold 02/15/2022
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$326
Total Square Footage:187,000 SF
Transaction Type:Sale

The industrial property located at 21200 Victory Blvd. in the Warner Center area was recently sold in a transaction. The property spans approximately 187,000 square feet and is situated in a bustling market known for its industrial assets. The sale was facilitated by brokers Gordon Mace and Josh Linn from Beitler Commercial Realty. The buyer, W-F Catalina Owner IX, acquired the property from the seller, Butler Family Trust.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $61,000,000
  • Square Footage: 187,000
  • Price per Square Foot: $326
  • Market: Warner Center
  • Buyer: W-F Catalina Owner IX
  • Seller: Butler Family Trust
  • Brokers: Gordon Mace & Josh Linn - Beitler Commercial Realty
  • Date of Sale: 02/15/2022

The deal’s key individuals and companies involved include brokers Gordon Mace and Josh Linn from Beitler Commercial Realty. They played a crucial role in facilitating the transaction between the buyer and seller. The sale price of $61,000,000 and the square footage of 187,000 were key factors in determining the value of the property. This successful transaction highlights the strong market in the Warner Center area for industrial assets.

Players

4 deals$64.4M volume
BROKER

Joshua "Josh" Linn
1 deal$61M volume
BROKER

Details

SOLD
IMAGE: Gordon Mace & Josh Linn DATE: 02/15/2022 ADDRESS: 21200 Victory Blvd. MARKET: Warner Center ASSET TYPE: Industrial BUYER: W-F Catalina Owner IX SELLER: Butler Family Trust BROKERS: Gordon Mace & Josh Linn - Beitler Commercial Realty SALE PRICE: $61,000,000 SF: 187,000 ~ PPSF: $326

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,253,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$216,720.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$289,171.12
Annual Debt Service$3,470,053.45