Moiez Benyaminov Acquires Office Building On 17000 Ventura Blvd. In San Fernando Valley For $13.2M
17000 Ventura Boulevard, Encino, CA, USA
$13,200,000
$314/SF
Building Size
42,002 SF
Asset Type
Office
Closing
Jun 28, 2020
AI
17000 Ventura Blvd. in San Fernando Valley has been sold in a recent transaction. The property, which is an office building, was sold for $13,200,000. It spans across 42,002 square feet, resulting in a price per square foot of $314. The sale was completed on June 28, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,200,000
- Square Footage: 42,002
- Price per Square Foot: $314
The buyer in this transaction was Moiez Benyaminov. Jared Smits from Lee & Associates LA North/Ventura represented the buyer in this deal. On the other hand, Scott Romick and Darren Casamassima, also from Lee & Associates LA North/Ventura, represented the seller, 17000 Ventura.
Players
Los Angeles 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93