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
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