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Woodland Group LLC Sells Office Building In Northridge For $6.3 Million With CBRE Representation
SOLD
$6,300,000
+ 1
California
See Similar DealsOffice24,203 SF
Sold 11/06/2025
SOLD
Woodland Group LLC Sells Office Building In Northridge For $6.3 Million With CBRE Representation
16909 Parthenia Street
See Similar DealsOffice24,203 SF
Sold 11/06/2025
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$260
Total Square Footage:24,203 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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