SOLDOffice
Woodland Group LLC Sells Office Building In Northridge For $6.3 Million With CBRE Representation
16909 Parthenia Street
$6,300,000
$260/SF
Building Size
24,203 SF
Asset Type
Office
Closing
Nov 6, 2025
AI
An owner-user purchased a 24,203-square-foot office building located at 16909 Parthenia Street in the Northridge market for $6.3 million, equating to $260 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,300,000
- Address: 16909 Parthenia Street
- Market: Northridge
- Seller: Woodland Group LLC
- Brokers: Mark Shaffer, Anthony DeLorenzo, Gerard Poutier & Dylan Rutigliano - CBRE
- Square Footage: 24,203
- Price Per Square Foot: $260
CBRE's team, comprising Mark Shaffer, Anthony DeLorenzo, Gerard Poutier, and Dylan Rutigliano, represented the seller, Woodland Group LLC, in this transaction.
Players
Northridge 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93