San Fernando Valley High School Acquires Office Building In North Hollywood For $9.75M
SOLD
$9,750,000
California
See Similar DealsOffice35,155 SF
Sold 11/06/2024
SOLD
San Fernando Valley High School Acquires Office Building In North Hollywood For $9.75M
12412 Victory Boulevard
See Similar DealsOffice35,155 SF
Sold 11/06/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$277
Total Square Footage:35,155 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69
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