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9640 Topanga Canyon Bouleva...

Marcus & Millichap Brokers Sell Topanga Canyon Office/Industrial Property For $5.9M
SOLDMixed-use

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

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

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

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