SOLDIndustrial
Michael Onyemaobi Of Compass O Street Group Sells Creative Industrial Asset In Canoga Park For $4.85M
20938 Osborne Street
$4,850,000
$242/SF
Building Size
20,038 SF
Asset Type
Industrial
Closing
Mar 27, 2026
AI
The property asset involved in this transaction is an industrial asset located at 20938 Osborne Street in Canoga Park, Los Angeles. The sale price of the property was $4,850,000, encompassing a total square footage of 20,038. The price per square foot is calculated at $242.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,850,000
- Address: 20938 Osborne Street
- Market: Canoga Park
- Square Footage: 20,038
- Price per Square Foot: $242
- Buyer's Representative: Michael Onyemaobi - Compass - O Street Group
- Lender: Zak Karzi - LendMe
This transaction was facilitated by Michael Onyemaobi of Compass’s O Street Group, which emphasizes the group's involvement in closing the sale of this creative industrial asset. The previous use of this property as a hub for Kevin Hart’s HartBeat Studios highlights its relevance within the media and creative sectors of the San Fernando Valley.
Players
Canoga Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93