Updated Oct 28, 2024
California Landmark SHG Acquires Woodland Hills Office Building On Ventura Blvd. For $13.75M
21241 Ventura Boulevard, Woodland Hills,
$13,750,000
$131/SF
Building Size
104,831 SF
Asset Type
Office
Closing
Jul 8, 2020
About this deal
AI
California Landmark SHG, led by Ken Kahan, has recently acquired an office property located at 21241-21243 Ventura Blvd. in Woodland Hills. The transaction was completed on July 8, 2021, with a sale price of $13,750,000. Spanning across 104,831 square feet, the property was sold by Roger Salame, representing Woodland Hills Plaza 1. The office asset is situated in the Woodland Hills market, offering a valuable investment opportunity for the buyer.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,750,000
- Address: 21241-21243 Ventura Blvd.
- Market: Woodland Hills
This significant deal was facilitated by a team of brokers consisting of Grant Fulkerson - SIOR, Mike Tingus, and Todd Wuschnig. Their expertise and negotiation skills played a pivotal role in the successful completion of the transaction. This collaboration between the buyer's representative, Grant Fulkerson, and the seller's representative, Mike Tingus, ensured a smooth and beneficial outcome for both parties involved.
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93