TriStar Realty Group Acquires Office Property On Ventura Blvd For $38.1M
SOLD
$38,149,500
California
See Similar DealsOffice195,000 SF
Sold 06/21/2023
SOLD
TriStar Realty Group Acquires Office Property On Ventura Blvd For $38.1M
16633 Ventura Blvd Encino, CA 91436, USA
See Similar DealsOffice195,000 SF
Sold 06/21/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$195
Total Square Footage:195,000 SF
Transaction Type:Sale
The office property located at 16633 Ventura Boulevard in Encino has been sold in a recent transaction. The property spans 195,000 square feet and is situated in the Encino market. The sale price for this transaction was $38,149,500, resulting in a price per square foot of $196.
Summary of transation details
- Property Type: Office
- Transaction Amount: $38,149,500
- Address: 16633 Ventura Boulevard
- Market: Encino
- Size: 195,000 square feet
- Price per Square Foot: $196
The buyer in this transaction is TriStar Realty Group, while the broker representing them is Bob Safai from Madison Partners.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,034,640.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,537.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,848.09
Annual Debt Service$2,170,177.12
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