Updated Oct 29, 2024
Harbor Associates Acquires Office Building In Encino For $47.8M
6345 Balboa BLVD, Encino, CA, 91316
$47,800,000
$223/SF
Building Size
213,459 SF
Asset Type
Office
Closing
Apr 4, 2019
About this deal
AI
The office property located at 6345 Balboa BLVD, Encino, CA, 91316, was sold for $47,800,000.00 on 04/04/2019. Spanning 213,459 square feet, this asset in the Encino market was acquired by Harbor Associates. The seller's representatives in this transaction were Mark Shaffer and Todd Tydlaska from CBRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $47,800,000.00
- Address: 6345 Balboa BLVD, Encino, CA, 91316
- Market: Encino
- Buyer: Harbor Associates
- Seller's Rep: Mark Shaffer(CBRE), Todd Tydlaska(CBRE)
- Size: 213,459 SF
Mark Shaffer and Todd Tydlaska from CBRE represented the seller in this office property transaction, finalizing the deal with Harbor Associates on 04/04/2019 in Encino, CA. This significant sale in the market involved key individuals from both sides, showcasing the collaborative effort behind this successful real estate transaction.
Players
Encino 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93