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19401 Business Center Drive...

Marcus & Millichap Represents Landlord Amir Moghadam In Lease Of Mixed-Use Property On Business Center Drive, Northridge
LEASEDMixed-use

Marcus & Millichap Represents Landlord Amir Moghadam In Lease Of Mixed-Use Property On Business Center Drive, Northridge

19401 Business Center Drive, Northridge, CA 91324, USA

Building Size

64,932 SF

Asset Type

Mixed-use

Closing

Nov 2, 2021

AI

A mixed-use property located at 19401 Business Center Drive in Northridge has been leased. The transaction took place on 11/02/2021. The property offers a total square footage of 64,932. The landlord, Amir Moghadam, agreed to lease the property to the tenant, Delphi. The tenant was represented by Jeff Puffer from Delphi while the landlord was represented by Klyvia Iha, Ryan Serling, Martin Agnew, Filip Niculete, and Glen Scher from Marcus & Millichap. The asking rent for the property was $13.20 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not mentioned
  • Address: 19401 Business Center Drive
  • Market: Northridge

The key individuals involved in the deal include Jeff Puffer from Delphi as the tenant's representative, and Klyvia Iha, Ryan Serling, Martin Agnew, Filip Niculete, and Glen Scher from Marcus & Millichap as the landlord's representatives. They played a crucial role in facilitating the lease transaction between the landlord, Amir Moghadam, and the tenant, Delphi.

Players

Filip Niculete

Marcus & Millichap

Broker

$788.2M

vol

198 deals

Broker

Amir Moghadam

Landlord

$18.7M

vol

2 deals

Landlord

Northridge Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93