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17000 Ventura Boulevard, En...

Moiez Benyaminov Acquires Office Building On 17000 Ventura Blvd. In San Fernando Valley For $13.2M
SOLDOffice

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

Darren Casamassima

Lee & Associates

Broker

$91.6M

vol

15 deals

Broker

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