Bagrat Sargsyan Acquires Office Building In Studio City, CA For $2.5M
SOLD
$2,475,000
California
See Similar DealsOffice5,651 SF
Sold 01/23/2024
SOLD
Bagrat Sargsyan Acquires Office Building In Studio City, CA For $2.5M
11112 Ventura Boulevard
See Similar DealsOffice5,651 SF
Sold 01/23/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$438
Total Square Footage:5,651 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,793.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,732.76
Annual Debt Service$140,793.15
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