Sami Nomair Acquires Woodland Hills Office For $8.3M From Seller Jamison Services And Brokers Lee & Associates
SOLD
$8,300,000
+ 2
California
See Similar DealsOffice46,656 SF
Sold 02/23/2023
SOLD
Sami Nomair Acquires Woodland Hills Office For $8.3M From Seller Jamison Services And Brokers Lee & Associates
22801 Ventura Boulevard
See Similar DealsOffice46,656 SF
Sold 02/23/2023
+ 2
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$177
Total Square Footage:46,656 SF
Transaction Type:Sale
The office building located at 22801 Ventura Boulevard in Woodland Hills has been sold in a closed transaction. The property spans 46,656 square feet and was sold for a price of $8,300,000, resulting in a price per square foot of $178. The transaction took place on February 23, 2023.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,300,000
- Address: 22801 Ventura Boulevard
- Market: Woodland Hills
The buyer of the property was Sami Nomair, while the seller was Jamison Services. The deal was facilitated by brokers Scott Romick, Darren Casamassima, Jay Rubin, and Scott Silverstein from Lee & Associates.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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