JohnHart Commercial Real Estate Sells Office Building In Studio City For $10.1M
11132 Ventura Boulevard
$10,100,000
$612/SF
Building Size
16,500 SF
Asset Type
Office
Closing
Aug 26, 2022
AI
The office property located at 11132 Ventura Blvd in Studio City has been sold for a price of $10,100,000. The property spans across 16,500 square feet, resulting in a price per square foot of $612. The transaction took place on 08/26/2022, and the sale was facilitated by Karl Markarian of JohnHart Commercial Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,100,000
- Address: 11132 Ventura Blvd
- Market: Studio City
- Square Footage: 16,500
- Price per Square Foot: $612
Karl Markarian from JohnHart Commercial Real Estate acted as the broker in this sale. The transaction showcases the strong demand for office properties in the Studio City market, with a significant sale price reflecting the property's quality and desirability.
Los Angeles 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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93