facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

California

/

Office

/

Lease

/

21215 Burbank Boulevard, Wo...

Updated Dec 4, 2024

Anthem Blue Cross Leases Office Campus In San Fernando Valley For $2.90/SF
LEASEDOffice

Anthem Blue Cross Leases Office Campus In San Fernando Valley For $2.90/SF

21215 Burbank Boulevard, Woodland Hills, CA, USA

Building Size

169,000 SF

Asset Type

Office

Closing

Jul 30, 2018

About this deal

AI

Anthem Blue Cross has recently signed a lease for office space in the San Fernando Valley. The lease agreement is for the property located at 21255 and 21215 Burbank Boulevard in Los Angeles, specifically in the Warner Center. The office campus, owned by Lincoln Property Co. and Angelo, Gordon & Co., spans a total of 169,000 square feet.

Summary of transaction details

  • Property Type: Office Campus
  • Transaction Amount: Lease
  • Asking Rent: $2.90 per square foot
  • Tenant: Anthem Blue Cross
  • Tenant's Rep: Corey Davidson, Liron Nelik, and David DiPietro
  • Landlord: Lincoln Property Co. and Angelo, Gordon & Co.
  • Landlord's Rep: Kent Handleman

The lease agreement was facilitated by tenant representatives Corey Davidson, Liron Nelik, and David DiPietro, while Kent Handleman acted as the landlord's representative. The Warner Center, an area in the San Fernando Valley, has been gaining popularity among developers. Adler Realty Investments has plans to develop the Warner Center campus, with aims to construct 1,000 new residential units and over 1.25 million square feet of office space. This influx of development showcases the growing interest in the San Fernando Valley as a desirable location for businesses and residents alike.

On the Map

Open live map

Office

View full map

Players

Corey Davidson

Broker

2 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
Lincoln Property Company
Lincoln Property CompanyLandlord
Bilt advertisement

Los Angeles Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Deal FAQ

Visit Liron Nelik to view all their deals.

Browse Los Angeles office leases on Traded.

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

More Deals

Nearby Markets