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
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