Tony Kaufmann And Alex Poulos Of Gantry Refinance 5950 Canoga Avenue Office For $12.7M
5950 Canoga Avenue
$12,700,000
$135/SF
Building Size
93,600 SF
Asset Type
Office
Closing
Feb 5, 2025
AI
The property involved in this transaction is an office building located at 5950 Canoga Avenue in Woodland Hills. The asset has a total square footage of 93,600 and is nearly 90% occupied. A refinance loan amounting to $12,700,000 was secured for this property.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $12,700,000
- Loan Type: Refinance
- Asset Address: 5950 Canoga Avenue
- Market: Woodland Hills
- Square Footage: 93,600
- Occupancy Rate: Nearly 90%
- Brokers: Alex Poulos & Tony Kaufmann - Gantry
- Lender Type: Insurance Company
Alex Poulos and Tony Kaufmann from Gantry represented the property in the refinancing deal with the insurance company lender. Their involvement was crucial in securing the permanent loan for the Warner Center Business Park.
Players
Woodland Hills 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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93