Marcus & Millichap Brokers Sell Topanga Canyon Office/Industrial Property For $5.9M
9640 Topanga Canyon Boulevard, Chatsworth, CA, USA
$5,875,000
$222/SF
Building Size
26,400 SF
Asset Type
Mixed-use
Closing
Dec 17, 2018
AI
The property involved in this closed transaction is an office/industrial asset located at 9640 Topanga Canyon. It was sold on 12/18/2018 for a price of $5,875,000. The property has a total area of 26,400 square feet, resulting in a price per square foot of $222.
Summary of transaction details
- Property Type: Office/Industrial
- Transaction Amount: $5,875,000
- Address: 9640 Topanga Canyon
- Date: 12/18/2018
- Brokers: Chase Cohen, John Lally, Martin Agnew, Ryan Serling, Catherine O'Brien - Marcus & Millichap
The deal's key individuals and companies involved in the transaction include Chase Cohen, John Lally, Martin Agnew, Ryan Serling, and Catherine O'Brien from Marcus & Millichap. They represented the respective buyer, seller, landlord, or tenant in this deal.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93