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30440 Agoura Rd Agoura Hill...

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

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

30440 Agoura Rd Agoura Hills, CA 91301, USA

$9,750,000

$438/SF

Building Size

22,256 SF

Asset Type

Office

Closing

Jun 5, 2023

AI

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

Lee & Associates

Broker

$297M

vol

24 deals

Broker
Conrad N. Hilton Foundation
Conrad N. Hilton FoundationSeller

Los Angeles 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

1.63%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93