David Alchal Acquires Office Buildings In Agoura For $18.5M
30077 Agoura Ct, Agoura Hills, CA, USA
$18,500,000
$184/SF
Building Size
100,081 SF
Asset Type
Office
Closing
Sep 3, 2021
AI
The office property located at 30077 Agoura Ct. & 30101 Agoura Ct. in Agoura has been sold for a total price of $18,500,000. The property spans a total area of 100,081 square feet, resulting in a price per square foot of $185. The transaction took place on 09/03/2021.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $18,500,000
- Address: 30077 Agoura Ct. & 30101 Agoura Ct.
- Market: Agoura
The buyer of the property is David Alchal, while the seller is Sean Kohen. The deal was facilitated by brokers James DeBuiser, Gary Cohen, Ben Tashakorian, and Ali Valiahdi.
Additional information from the broker indicates that the property was sold at full list price in under 75 days of listing. The transaction offers a 31% rent upside and an occupancy rate of 88.4%. Furthermore, the rentable square footage was increased with BOMA measurement.
Players
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93