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
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