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7349 Topanga Canyon Blvd, C...

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

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

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

$950,000

$83/SF

Building Size

11,430 SF

Asset Type

Office

Closing

Sep 17, 2020

AI

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

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

Los Angeles 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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93