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Donald Henthorn Acquires Agoura Hills Office Building From Steve Hilton For $9.75M

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SOLD
$9,750,000

California

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Office22,256 SF
Sold 06/05/2023
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Property Image
SOLD

Donald Henthorn Acquires Agoura Hills Office Building From Steve Hilton For $9.75M

30440 Agoura Rd Agoura Hills, CA 91301, USA

See Similar Deals
Office22,256 SF
Sold 06/05/2023
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$438
Total Square Footage:22,256 SF
Transaction Type:Sale

This Class 'A', 22,256 square foot office building located at 30440 Agoura Road in Agoura Hills, was sold for a price of $9,750,000. The property was developed by the Conrad N. Hilton Foundation along the foothills of the Santa Monica mountains in 2012 and is certified with LEED Platinum level by the U.S. Green Building Council.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $9,750,000
  • SF: 22,256
  • PPSF: $438
  • Address: 30440 Agoura Road
  • Market: Agoura Hills

The buyer in this transaction was Donald Henthorn from Bend, and the seller was Steve Hilton from the Conrad N. Hilton Foundation. The deal was facilitated by brokers Mike Tingus and Grant Fulkerson from Lee & Associates.

Players

Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER

Grant Fulkerson
Lee & Associates
26 deals$346.5M volume(818) 304-4956
BROKER

Conrad N. Hilton Foundation
SELLER

Details

SOLD
IMAGE: Mike Tingus, Grant Fulkerson DATE: 06/05/2023 ADDRESS: 30440 Agoura Road MARKET: Agoura Hills ASSET TYPE: Office BUYER: Donald Henthorn - Bend (@Bendpak) SELLER: Steve Hilton - Conrad N. Hilton Foundation (@HiltonFoundation) BROKERS: Mike Tingus (@Miketingus) & Grant Fulkerson (@Grantfulkerson) - Lee & Associates (@LeeLANorthVenturaBrokers) SALE PRICE: $9,750,000 SF: 22,256 ~ PPSF: $438 NOTE FROM BROKERS: This Class ‘A’, 22,256 square foot, office building was developed by the Conrad N. Hilton Foundation along the foothills of the Santa Monica mountains in 2012. This building was awarded LEED certification at the Platinum level by the U.S. Green Building Council.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
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