Updated Dec 19, 2023
Avery M Golden Acquires Office Building In Toluca Lake For $7M
10999 Riverside Drive, Toluca Lake, CA, USA
$7,000,000
$347/SF
Building Size
20,150 SF
Asset Type
Office
Closing
Jun 26, 2019
About this deal
AI
An off-market sale of a creative office building located at 10999 Riverside Dr in Toluca Lake, Los Angeles has been finalized. The property spans 20,150 square feet and is situated in the Toluca Lake submarket. The transaction took place on 6/27/19.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,000,000
- Price per Square Foot: $347.39
- Buyer: Avery M Golden
- Seller: Richard Sayegh
- Broker: Darren Casamassima - Leela North Ventura Brokers
The buyer, Avery M Golden, acquired the property from the seller, Richard Sayegh, in this off-market deal. The transaction was facilitated by Darren Casamassima from Leela North Ventura Brokers.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93