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20950 Warner Center Lane

FINANCEDOffice

Zions Bank Provides $25.1M Refinance Loan For Woodland Hills Office Property

20950 Warner Center Lane

$25,100,000

$100/SF

Building Size

250,043 SF

Asset Type

Office

Closing

Dec 22, 2022

AI

The office property located at 20950 Warner Center Lane in Woodland Hills has been involved in a recent loan transaction. The property, spanning 250,043 square feet, was refinanced using a loan from Zions Bank, amounting to $25,100,000. The property is owned by LLJ Ventures & Adler Realty Investments.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $25,100,000
  • Address: 20950 Warner Center Lane
  • Market: Woodland Hills
  • Lender: Zions Bank
  • Landlord: LLJ Ventures & Adler Realty Investments

The loan transaction was facilitated by brokers Malcolm Davies and Zack Streit from WAY Capital. The refinance deal was successfully completed, providing necessary funds for the property.

Players

Zachary Streit

Priority Capital Advisory

Broker

$1.1B

vol

28 deals

Broker
Zions Bank
Zions BankLender
Adler Realty Investments
Adler Realty InvestmentsLandlord

Market Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93