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
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