Updated Oct 29, 2024
Entity Real Estate Investments, Inc. Acquires Office Building In North Hollywood For $15M
12444 Victory Boulevard, North Hollywood, CA 91606, USA
$15,000,000
$246/SF
Building Size
60,896 SF
Asset Type
Office
Closing
Nov 21, 2019
About this deal
AI
Located in North Hollywood, the property at 12444 Victory Blvd has been sold for a total price of $15,000,000. The office asset spans across 60,896 square feet, making the price per square foot approximately $246.32. The transaction took place on November 22, 2019. Reza Ghobadi from Team Ghobadi represented the buyer and seller in this deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,000,000
- Address: 12444 Victory Blvd
- Market: North Hollywood
Entity Real Estate Investments, Inc. acquired the property from Barry Weiner LLC. Reza Ghobadi, from Team Ghobadi, acted as the broker in this transaction.
Players
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93