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22801 Ventura Boulevard

Sami Nomair Acquires Woodland Hills Office For $8.3M From Seller Jamison Services And Brokers Lee & Associates
SOLDOffice

Sami Nomair Acquires Woodland Hills Office For $8.3M From Seller Jamison Services And Brokers Lee & Associates

22801 Ventura Boulevard

$8,300,000

$177/SF

Building Size

46,656 SF

Asset Type

Office

Closing

Feb 23, 2023

AI

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

Darren Casamassima

Lee & Associates

Broker

$91.6M

vol

15 deals

Broker

Sami Nomair

Buyer

$31.4M

vol

4 deals

Buyer
Jamison Services
Jamison ServicesSeller

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