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30077 Agoura Ct, Agoura Hil...

David Alchal Acquires Office Buildings In Agoura For $18.5M
SOLDOffice

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

Gary Cohen

Marcus & Millichap

Broker

$167.2M

vol

19 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93