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22837 Ventura Boulevard, Wo...

Updated Feb 16, 2024

Trimax Realty Inc. Secures $4.05M Acquisition Loan For Woodland Hills Office Building
FINANCEDOffice

Trimax Realty Inc. Secures $4.05M Acquisition Loan For Woodland Hills Office Building

22837 Ventura Boulevard, Woodland Hills, California 91364, United States

$4,050,000

$237/SF

Building Size

17,027 SF

Asset Type

Office

Closing

Jan 24, 2022

About this deal

AI

An office building located at 22837 Ventura Blvd. in Woodland Hills has been involved in a recent transaction. The property covers a total area of 17,027 square feet and was acquired through an Acquisition Loan.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,050,000
  • Address: 22837 Ventura Blvd.
  • Market: Woodland Hills
  • Loan Type: Acquisition Loan

In this deal, the lender was City National Bank, and the landlord of the property is Nick Hakimfar. The brokers who represented the buyer in this transaction were Fred Nabati and Michael Davoodpour from Trimax Realty Inc.

According to a note from Trimax, they approached their long-term client with the opportunity to purchase the office building using an SBA Loan. Through careful evaluation of various options, the subject property was secured at a price significantly below the asking price. Trimax Realty Inc. prides itself on being able to handle both the purchase and financing process, providing a seamless experience for their clients.

If you are interested in a similar opportunity or have any questions, you can get in touch with Trimax Realty Inc. at (310) 388-9695 or through direct message.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $237 per square foot on a published $4.1M for 17,027 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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