Woodland Hills Office Property Sold For $11.6M With Brandon Michaels & Lonnie McDermott As Brokers
SOLD
$11,600,000
California
See Similar DealsOffice37,000 SF
Sold 06/27/2019
SOLD
Woodland Hills Office Property Sold For $11.6M With Brandon Michaels & Lonnie McDermott As Brokers
21300 Oxnard Street, Woodland Hills, CA 91367, USA
See Similar DealsOffice37,000 SF
Sold 06/27/2019
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$313
Total Square Footage:37,000 SF
Transaction Type:Sale
A 37,000 square foot office space located at 21300 Oxnard St in Woodland Hills was recently sold for $11,600,000. The property, represented by Brandon Michaels and Lonnie McDermott, was sold on June 27, 2019.
Summary of transation details
- Property Type: Office
- Transaction Amount: $11,600,000
- Square Footage: 37,000
- Price Per Square Foot: $313.51
- Address: 21300 Oxnard St, Woodland Hills
Brandon Michaels and Lonnie McDermott were the brokers involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02
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