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21241 Ventura Boulevard, Wo...

Updated Oct 28, 2024

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

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

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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Deal FAQ

About $131 per square foot on a published $13.8M for 104,831 square feet (2020).

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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

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