Updated Feb 16, 2024
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.
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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