Gennady Landa Acquires Antelope Valley Office Building For $2.45M
1669 West Avenue J, Lancaster, CA 93534
$2,450,000
$108/SF
Building Size
22,634 SF
Asset Type
Office
Closing
Sep 19, 2019
AI
A 22,634 square foot office property located at 1669 W Ave J in Antelope Valley has been sold for $2,450,000. The property was purchased by Gennady Landa from West Avenue J at 1669, LLC. The transaction took place on September 20, 2019. The office property was listed at a price of $108.24 per square foot. Ryan Serling, Stuart Fagan, and Martin Agnew from the Cushman & Wakefield commercial real estate company were the brokers involved in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,450,000
- Address: 1669 W Ave J
- Market: Antelope Valley
- Square Footage: 22,634
- Price Per Square Foot: $108.24
- Buyer: Gennady Landa
- Seller: West Avenue J at 1669, LLC
- Brokers: Ryan Serling, Stuart Fagan, Martin Agnew from Cushman & Wakefield
Martin Agnew, Stuart Fagan, and Ryan Serling represented the buyer and seller in the transaction.
Players
Lancaster 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93