Tigran Martinian Acquires Office In Valley Village For $3,987,500 With Seller's Rep Brandon Michaels
SOLD
$3,987,500
California
See Similar DealsOffice14,342 SF
Sold 08/29/2025
SOLD
Tigran Martinian Acquires Office In Valley Village For $3,987,500 With Seller's Rep Brandon Michaels
12722 Riverside Drive
See Similar DealsOffice14,342 SF
Sold 08/29/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$278
Total Square Footage:14,342 SF
Transaction Type:Sale
The property involved in the transaction is an office asset located at 12722 Riverside Drive in Valley Village. The sale price of the asset was $3,987,500, and it encompasses a total area of 14,342 square feet, resulting in a price per square foot of approximately $278.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,987,500
- Address: 12722 Riverside Drive
- Market: Valley Village
- Square Footage: 14,342
- Price Per Square Foot: $278
- Buyer: Tigran Martinian
- Seller: Jeff Falyn
- Seller's Representative: Brandon Michaels - Marcus & Millichap
This transaction highlights the roles of key individuals involved, with Tigran Martinian as the buyer and Jeff Falyn as the seller. Brandon Michaels represented the seller, ensuring the successful transfer of ownership.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$212,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,166.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,902.78
Annual Debt Service$226,833.41
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