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

Property Image
SOLD
$13,200,000

California

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Office42,002 SF
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Property Image
SOLD

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

17000 Ventura Boulevard, Encino, CA, USA

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Office42,002 SF
Sold
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$314
Total Square Footage:42002 SF
Transaction Type:Sale

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
15 deals$91.6M volume
BROKER

Jared Smits
Lee & Associates
10 deals$66.5M volume
BROKER

Scott Romick
Lee & Associates
11 deals$88.8M volume
BROKER

Details

SOLD
IMAGE: Scott Romick, Jared Smits & Darren Casamassima DATE: 06/28/2021 ADDRESS: 17000 Ventura Blvd. MARKET: San Fernando Valley ASSET TYPE: Office BUYER: Moiez Benyaminov SELLER: 17000 Ventura BUYER’S REP: Jared Smits (@JSmits58) - Lee & Associates LA North/Ventura SELLER’S REP: Scott Romick (@ScottRomick) & Darren Casamassima - Lee & Associates LA North/Ventura SALE PRICE: $13,200,000 SF: 42,002 ~ PPSF: $314

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
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