Anchor Health Acquires Office Building In Ventura County For $21.45M
SOLD
California
See Similar DealsOffice49,261 SF
Sold 04/01/2022
SOLD
Anchor Health Acquires Office Building In Ventura County For $21.45M
29525 Canwood Street, Agoura Hills, California 91301, United States
See Similar DealsOffice49,261 SF
Sold 04/01/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$435
Total Square Footage:49,261 SF
Transaction Type:Sale
An off-campus medical office building located at 29525 Canwood St. in Ventura County has been sold for a price of $21,450,000. The property spans a total of 49,261 square feet, resulting in a price per square foot of $435. The sale took place on 04/01/2022.
Summary of transaction details
- Property Type: Office
- Sale Price: $21,450,000
- Square Footage: 49,261
- Price per Square Foot: $435
- Address: 29525 Canwood St.
- Market: Ventura County
The buyer of the property is Anchor Health, represented by James Schmid and Ilya Hvostikov. The seller of the property is Sam Mahboubian. The deal was facilitated by James DeBuiser from Marcus & Millichap.
It is worth noting that the off-campus medical office building is currently 90% leased, with a weighted average lease term (WALT) of 2.0. The transaction achieved a 5.2% capitalization rate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,144,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,207.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,683.94
Annual Debt Service$1,220,207.32
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