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20750 Ventura Blvd, Woodlan...

Peregrine Realty Partners Acquires Woodland Hills Office Building For $34.4M
SOLDOffice

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

PP
Peregrine Realty PartnersBuyer

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