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14200 Ventura Boulevard

Lee Kleinman Acquires Sherman Oaks Office Building With $2.97M Loan
FINANCEDOffice

Lee Kleinman Acquires Sherman Oaks Office Building With $2.97M Loan

14200 Ventura Boulevard

$2,970,000

$631/SF

Building Size

4,700 SF

Asset Type

Office

Closing

Nov 14, 2023

AI

A loan transaction took place on November 14, 2023, for an office property located at 14200 Ventura Boulevard in Sherman Oaks. The property spans 4,700 square feet and is an office asset. The transaction was closed with a loan amount of $2,970,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,970,000
  • Date: 11/14/2023
  • Address: 14200 Ventura Boulevard
  • Market: Sherman Oaks
  • Square Footage: 4,700

The loan provider in this transaction was Lee Kleinman from Business Finance Capital CDC, and the broker involved was Sam Alishahi from KW Commercial. The loan was an acquisition loan, and the terms of the loan included a 50% first mortgage provided by the bank and a 40% second mortgage provided by the Small Business Administration (SBA).

This loan transaction facilitated the purchase of a multi-tenant office building on an 8,866 square foot lot. The total purchase price for the property was $3,300,000.

Players

Sam Alishahi

Keller Williams Realty

Broker

$16.9M

vol

4 deals

Broker
Lee Kleinman

Lee Kleinman

Business Finance Capital CDC

Lender

$145.2M

vol

25 deals

Lender

Sherman Oaks Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.34%

Cash-on-Cash

-1.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93