Peregrine Realty Partners Acquires Woodland Hills Office Building For $34.4M
20750 Ventura Blvd, Woodland Hills, Los Angeles, Woodland Hills, CA, USA
$34,400,000
$232/SF
Building Size
148,200 SF
Asset Type
Office
Closing
Oct 17, 2018
AI
A 148,200 square foot office building located at 20750 Ventura Blvd in Woodland Hills, LA has been sold for a total price of $34,400,000. The property was recently purchased by Peregrine Realty Partners from Guggenheim Investments. The sale equates to a price per square foot of $232.
Summary of transaction details:
- Property Type: Office building
- Transaction Amount: $34,400,000
- Address: 20750 Ventura Blvd
- Market: Woodland Hills
- City: LA
The buyers, Peregrine Realty Partners, successfully acquired the property from the sellers, Guggenheim Investments. Stephen Zotovich and Jerry Miller were involved in the transaction as representatives.
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93