Updated Dec 4, 2024
San Fernando Valley High School Acquires Office Building In North Hollywood For $9.75M
12412 Victory Boulevard
$9,750,000
$277/SF
Building Size
35,155 SF
Asset Type
Office
Closing
Nov 6, 2024
About this deal
AI
The property asset involved in the transaction is located at 12412 Victory Boulevard in North Hollywood. This office building encompasses a total square footage of 35,155 and is valued at a sale price of $9,750,000, resulting in a price per square foot of $277.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,750,000
- Buyer: San Fernando Valley High School
- Seller: James Kenyon - Kenyon Company
- Broker: Iman Mossanen - Marcus & Millichap
The transaction involved key individuals such as James Kenyon, who represented the selling entity, Kenyon Company, and Iman Mossanen, who acted as the broker facilitating the sale for Marcus & Millichap. The buyer, San Fernando Valley High School, acquired the property amidst the North Hollywood market dynamics.
On the Map
$9,750,000
$277/SF
Office
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North Hollywood 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
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93