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4766 Park Granada, Calabasa...

4766 Park Granada Office Building Sold In Calabasas For $7.15M
SOLDOffice

4766 Park Granada Office Building Sold In Calabasas For $7.15M

4766 Park Granada, Calabasas, CA, USA

$7,150,000

$306/SF

Building Size

23,328 SF

Asset Type

Office

Closing

May 20, 2020

AI

4766 Park Granada, an office property located in Calabasas, was recently sold for $7,150,000. The transaction took place on May 20, 2021, with Brian Mallasch representing the buyer, 4766 Park Granada, and Camp Granada as the seller. The property spans 23,328 square feet, resulting in a price per square foot of $306.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $7,150,000
  • Address: 4766 Park Granada, Calabasas
  • Market: Calabasas

Brian Mallasch, a representative from Coldwell Banker Commercial, served as the buyer's broker for this deal. The lender involved in the transaction was Business Finance Capital CDC, represented by Lee Kleinman. The successful sale of 4766 Park Granada further highlights the robust real estate market in Calabasas.

Players

Brian Mallasch

Coldwell Banker

Broker

$23.7M

vol

4 deals

Broker
Business Finance Capital
Business Finance CapitalLender

Calabasas 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

2.22%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93