TriStar Realty Group Acquires Office Property On Ventura Blvd For $38.1M
16633 Ventura Blvd Encino, CA 91436, USA
$38,149,500
$195/SF
Building Size
195,000 SF
Asset Type
Office
Closing
Jun 21, 2023
AI
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
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93