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28348 Roadside Drive, Agour...

Agoura Hills Office Building Sold For $4.75M By Marcus & Millichap
SOLDOffice

Agoura Hills Office Building Sold For $4.75M By Marcus & Millichap

28348 Roadside Drive, Agoura Hills, CA 91301, USA

$4,750,000

$207/SF

Building Size

22,881 SF

Asset Type

Office

Closing

May 29, 2019

AI

The property involved in this closed transaction is an office located at 28348 Roadside Dr in Agoura Hills. It was sold on 05/30/2019 for a total price of $4,750,000. The office has a total area of 22,881 square feet, resulting in a price per square foot of $207.59. The property consists of 11 units, with a price per unit of $429,545.45. The capitalization rate for this transaction is 1.98%.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,750,000
  • Address: 28348 Roadside Dr, Agoura Hills
  • Market: Agoura Hills

The sale of this office was facilitated by Filip Niculete, Glen Scher, Lonnie McDermott, and Brandon Michaels from Marcus & Millichap.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

Agoura Hills 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

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93