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21241 Ventura Boulevard, Wo...

California Landmark SHG Acquires Woodland Hills Office Building On Ventura Blvd. For $13.75M
SOLDOffice

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

Mike Tingus

Lee & Associates

Broker

$297M

vol

24 deals

Broker

Ken Kahan

Buyer

$156.6M

vol

3 deals

Buyer

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