Gilbert & Fidelis King Sell Canoga Park Office Building For $950K
SOLD
California
See Similar DealsOffice11,430 SF
Sold 09/18/2020
SOLD
Gilbert & Fidelis King Sell Canoga Park Office Building For $950K
7349 Topanga Canyon Blvd, Canoga Park, CA 91303, USA
See Similar DealsOffice11,430 SF
Sold 09/18/2020
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.
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Deal Type
30 years
10 years
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
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