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Harbor Associates Acquires Balboa Boulevard Office Park In West Valley Of Los Angeles For $47.8M

Property Image
SOLD
$47,800,000
Todd Tydlaska
Michael (Mike) Longo
+ 2

California

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Office213,459 SF
Sold 04/04/2019
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Property Image
SOLD

Harbor Associates Acquires Balboa Boulevard Office Park In West Valley Of Los Angeles For $47.8M

6345 Balboa Boulevard, Encino, L A, CA, USA

See Similar Deals
Office213,459 SF
Sold 04/04/2019
Todd Tydlaska
Michael (Mike) Longo
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$223
Total Square Footage:213,459 SF
Transaction Type:Sale

Harbor Associates, led by Paul Miszkowicz, has acquired the Encino Office Park in the West Valley of Los Angeles. The office park is located at 6345 Balboa Boulevard and spans a total of 213,459 square feet. The transaction closed on April 4, 2019, with a sale price of $47,800,000, equating to a price per square foot of $223. The seller of the property was Moss Group.

Summary of transaction details:

  • Property Type: Office Park
  • Transaction Amount: $47,800,000
  • Address: 6345 Balboa Boulevard
  • Market: West Valley of Los Angeles

The buyer's representative, Paul Miszkowicz, represented Harbor Associates in the deal. The brokers involved in the transaction were Anthony Delorenzo, Mark Shaffer, Todd Tydlaska, and Mike Longo of CBRE.

With the acquisition of Encino Office Park, Harbor Associates now has a local office portfolio totaling approximately one million square feet, demonstrating their continued growth in the commercial real estate market.

Players

Michael (Mike) Longo
31 deals$1.8B volume(310) 363-4906
BROKER

Anthony DeLorenzo
CBRE
116 deals$2B volume
BROKER

Todd Tydlaska
Colliers
29 deals$1.8B volume
BROKER

Mark Shaffer
CBRE
38 deals$708.8M volume
BROKER

Paul Miszkowicz
Harbor Associates
6 deals$155.2M volume
BUYER

Details

SOLD
IMAGE: Todd Tydlaska, Mike Longo, Paul Miszkowicz and Anthony Delorenzo DATE: 04/04/2019 ADDRESS: 6345 Balboa Boulevard MARKET: West Valley of Los Angeles ASSET TYPE: Office Park PRICE: $47,800,000 SF: 213,459 PPSF: $223 BUYER: Harbor Associates - Paul Miszkowicz SELLER: Moss Group BROKERS: Anthony Delorenzo, Mark Shaffer, Todd Tydlaska and Mike Longo - CBRE NOTE: With the acquisition of Encino Office Park, Harbor’s local office portfolio now totals approximately one million square feet.

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