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
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
Loading comparables…
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