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16700 Valley View Avenue, M...

Milan Capital Management Acquires Office Property In La Mirada For $13.64M
SOLDOffice

Milan Capital Management Acquires Office Property In La Mirada For $13.64M

16700 Valley View Avenue, Mirada, L A, CA, USA

$13,640,000

$162/SF

Building Size

84,000 SF

Asset Type

Office

Closing

Mar 13, 2019

AI

A 84,000 square foot office property located at 16700 Valley View in La Mirada, was recently sold for $13.64 million. The transaction took place on March 14, 2019. Milan Capital Management purchased the property from Saunders Property Company. The deal was facilitated by brokers Gary Stache, Anthony DeLorenzo, Mark Shaffer, Rickey Warner, and Doug Mack from CBRE. The price per square foot for the office space was $162.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13.64M
  • Address: 16700 Valley View, La Mirada
  • Market: La Mirada

Doug Mack and Anthony DeLorenzo shared an image of the property on Instagram, giving a visual insight into the office building. Milan Capital Management, led by their representative at CBRE, finalized the purchase from Saunders Property Company. The deal showcases the collaborative effort of brokers Gary Stache, Anthony DeLorenzo, Mark Shaffer, Rickey Warner, and Doug Mack from CBRE in successfully closing the transaction at a price of $13.64 million.

Players

Doug Mack

CBRE

Broker

$251.1M

vol

20 deals

Broker
MM
Milan Capital ManagementBuyer
SC
Saunders Property CompanySeller

La Mirada 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

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93