Agoura Hills Office Building Sold For $4.75M By Marcus & Millichap
SOLD
$4,750,000
+ 1
California
See Similar DealsOffice22,881 SF
Sold 05/30/2019
SOLD
Agoura Hills Office Building Sold For $4.75M By Marcus & Millichap
28348 Roadside Drive, Agoura Hills, CA 91301, USA
See Similar DealsOffice22,881 SF
Sold 05/30/2019
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$207
Total Square Footage:22,881 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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