Brandon Michaels And Lior Regenstreif Acquire Office Property In Reseda For $10.7M
19231 Victory Boulevard, Reseda, CA 91335, USA
$10,700,000
$168/SF
Building Size
63,464 SF
Asset Type
Office
Closing
Aug 11, 2019
AI
An office building located at 19231 Victory Blvd in Reseda has been sold for $10,700,000. The property spans a total of 63,464 square feet, resulting in a price per square foot of $168.60. The transaction was finalized on August 12, 2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,700,000
The sale of this office building was facilitated by Brandon Michaels and Lior Regenstreif. Brandon Michaels represents the buyer, while Lior Regenstreif represents the seller.
Players
Reseda 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93