Updated Oct 29, 2024
Bill Adler Acquires Office Building In Valley Village For $5.3M
12800 Riverside Dr, North Hollywood, CA 91607, USA
$5,300,000
$26/SF
Building Size
199,180 SF
Asset Type
Office
Closing
Sep 3, 2020
About this deal
AI
An office property located at 12800 Riverside Drive in Valley Village has been sold in a recent transaction. The property spans across 19,918 square feet and was sold for a total price of $5,300,000, resulting in a price per square foot of $266. The buyer of the property is Bill Adler, while the seller is Oasis Church. Representing the buyer in this transaction was Victor Ahn.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,300,000
- Square Footage: 19,918
- Price per Square Foot: $266
- Address: 12800 Riverside Drive, Valley Village
- Market: Valley Village
This transaction involved the purchase of an office property by Bill Adler from Oasis Church. The buyer was represented by Victor Ahn throughout the deal.
Players
Los Angeles 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93