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Gilbert & Fidelis King Sell Canoga Park Office Building For $950K

Property Image
SOLD
$950,000
Martin Agnew
Bradley (Brad) Wetherby
+ 1

California

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Office11,430 SF
Sold 09/18/2020
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Property Image
SOLD

Gilbert & Fidelis King Sell Canoga Park Office Building For $950K

7349 Topanga Canyon Blvd, Canoga Park, CA 91303, USA

See Similar Deals
Office11,430 SF
Sold 09/18/2020
Martin Agnew
Bradley (Brad) Wetherby
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$83
Total Square Footage:11,430 SF
Transaction Type:Sale

The office building located at 7349 Topanga Canyon Blvd in Canoga Park has been sold in a recent transaction. The property, measuring 1,143 square feet, was sold for a price of $950,000, resulting in a price per square foot of $831.15.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $950,000
  • Square Footage: 1,143
  • Price per Square Foot: $831.15

The sellers of this office building were Gilbert & Fidelis King. The transaction was facilitated by brokers Josh Yaris, Brad Wetherby, Ryan Serling, and Martin Agnew from the Agnew Serling Group.

Players

Martin Agnew
119 deals$436.8M volume
BROKER

Joshua (Josh) Yaris
Marcus & Millichap
24 deals$57.6M volume(818) 212-2665
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

Bradley (Brad) Wetherby
Marcus & Millichap
16 deals$32.4M volume
BROKER

Details

SOLD
IMAGE: @JoshYaris, @BradWetherby, Ryan Serling @RyanrS14 & @MartyAgnew @AgnewSerlingGroup DATE: 09/18/2020 ADDRESS: 7349 Topanga Canyon Blvd MARKET: Canoga Park ASSET TYPE: Office PRICE: $950,000 SF: 1,143 / PPSF: $831.15 SELLER: Gilbert & Fidelis King BROKERS: Josh Yaris, Brad Wetherby, Ryan Serling, Martin Agnew @AgnewSerlingGroup

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$50,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82