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6345 Balboa BLVD, Encino, C...

Harbor Associates Acquires Office Building In Encino For $47.8M
SOLDOffice

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

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

Todd Tydlaska

Colliers

Broker

$1.8B

vol

29 deals

Broker
Harbor Associates
Harbor AssociatesBuyer

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