Bagrat Sargsyan Acquires Office Building In Studio City, CA For $2.5M
11112 Ventura Boulevard
$2,475,000
$438/SF
Building Size
5,651 SF
Asset Type
Office
Closing
Jan 23, 2024
AI
A 5,651 square foot office property located at 11112 Ventura Boulevard in Studio City, CA has been sold for $2,475,000. The property was purchased by Bagrat Sargsyan from the seller Bill Hynes. The transaction was facilitated by brokers Blas Fernandez and Brian Vu from IKON Properties LA - Keller Williams.
Summary of transaction details
- Property Type: Office
- Sale Price: $2,475,000
- Square Footage: 5,651
- Price per Square Foot: $438
- Address: 11112 Ventura Boulevard, Studio City, CA
Blas Fernandez and Brian Vu from IKON Properties LA - Keller Williams represented the buyer and seller, respectively, in this transaction.
Players
Studio City Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93