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22801 Ventura Boulevard

Sami Nomair Acquires Office Building On Ventura Boulevard In Woodland Hills For $8.3M
SOLDOffice

Sami Nomair Acquires Office Building On Ventura Boulevard In Woodland Hills For $8.3M

22801 Ventura Boulevard

$8,300,000

$177/SF

Building Size

46,656 SF

Asset Type

Office

Closing

Feb 23, 2023

AI

Located at 22801 Ventura Boulevard in Woodland Hills, this office property was recently sold in a closed transaction. The property spans an impressive 46,656 square feet and was sold for a sale price of $8,300,000. With a price per square foot of $178, this transaction represents a significant investment opportunity.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $8,300,000
  • Address: 22801 Ventura Boulevard, Woodland Hills
  • Market: Woodland Hills

The buyer in this transaction was Sami Nomair, who saw the potential in this office property. Representing Sami Nomair as the buyer was Scott Romick from Lee & Associates. The deal was facilitated by the expertise and negotiation skills of Scott Romick, ensuring a smooth and successful transaction for both parties involved.

Players

Scott Romick

Lee & Associates

Broker

$88.8M

vol

11 deals

Broker

Sami Nomair

Buyer

$31.4M

vol

4 deals

Buyer

Market 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

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93