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Loren Miles Acquires North Hollywood Office For $2.67M

Property Image
SOLD
$2,670,000
Ryan Rothstein-Serling
Martin Agnew
Joshua (Josh) Yaris

California

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Office7,308 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Loren Miles Acquires North Hollywood Office For $2.67M

11326 Magnolia Boulevard & 11328 Magnolia Boulevard

See Similar Deals
Office7,308 SF
Sold
Ryan Rothstein-Serling
Martin Agnew
Joshua (Josh) Yaris
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$365
Total Square Footage:7308 SF
Transaction Type:Sale

Located in North Hollywood, the office property at 11326-11328 Magnolia Boulevard has been sold in a closed transaction. The property spans 3,654 square feet and was sold for a total price of $2,670,000, resulting in a price per square foot of $731.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $2,670,000
  • Square Footage: 3,654
  • Address: 11326-11328 Magnolia Boulevard
  • Market: North Hollywood

The buyer in this transaction is Loren Miles, while the seller is Ayelet Bisson. Representing the buyer is Martin Agnew and Ryan Serling from Marcus & Millichap, along with Joshua Yaris also from Marcus & Millichap.

Players

Martin Agnew
Marcus & Millichap
Martin Agnew
119 deals$436.8M volume
BROKER
Joshua (Josh) Yaris
Marcus & Millichap
Joshua Yaris
24 deals$57.6M volume(818) 212-2665
BROKER
Ryan Rothstein-Serling
Marcus & Millichap
Ryan Rothstein-Serling
122 deals$509.8M volume(818) 212-2725
BROKER

Details

SOLD
IMAGE: Martin Agnew, Ryan Serling & Joshua (Josh) Yaris DATE: 12/01/2023 ADDRESS: 11326-11328 Magnolia Boulevard MARKET: North Hollywood ASSET TYPE: Office BUYER: Loren Miles SELLER: Ayelet Bisson BUYER'S REP: Martin Agnew (@MartyAgnew), Ryan Serling (@Ryanrs14) - Marcus & Millichap, Joshua Yaris (@JoshYaris) - (@AgnewSerlingGroup) - Marcus & Millichap (@Marcusmillichapencino) SALE PRICE: $2,670,000 SF: 3,654 ~ PPSF: $731

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,485.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,657.16
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