Updated Oct 29, 2024
Family Investment Group Acquires Medical Office From Porter Ranch In Mission Hills
11155 Sepulveda BLVD, Los Angeles...
$13,700,000
$409/SF
Building Size
33,438 SF
Asset Type
Medical Office
Closing
Mar 23, 2018
About this deal
AI
The medical office building located at 11155 Sepulveda Blvd in Mission Hills, California, was sold for $13.7 million. The property spans 33,438 square feet across a 3.5-acre site and was fully occupied by Facey Medical Group at the time of the off-market transaction.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $13,700,000.00
- Address: 11155 Sepulveda Blvd, Los Angeles
- Market: Mission Hills
- Seller's Representative: Mark Oliver (Realty Executives)
- Buyer: Family Investment Group
- Seller: Porter Ranch
- Square Footage: 33,438
Commercial Asset Group Executive Vice President David Aschkenasy represented Family Investment Group, the buyers, in the transaction. Mark Oliver of Realty Executives Valencia was the selling representative for Porter Ranch, the seller based in California.
On the Map
$13,700,000
$409/SF
Medical Office
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Players
Mission Hills Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93