Updated Dec 4, 2024
Ed Romero Of Sunset Group Realty Sells Office Asset On Reseda Boulevard For $3.45M
8345 Reseda Boulevard
$3,450,000
$175/SF
Building Size
19,639 SF
Asset Type
Office
Closing
Jul 1, 2024
About this deal
AI
The property asset involved in the transaction is an office located at 8345 Reseda Boulevard in Northridge. It encompasses a total square footage of 19,639, and the sale price was set at $3,450,000, equating to a price per square foot of $175.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,450,000
- Square Footage: 19,639 SF
- Price per Square Foot: $175
- Address: 8345 Reseda Boulevard
- Market: Northridge
- Broker: Ed Romero - Sunset Group Realty
Ed Romero from Sunset Group Realty represented the broker in this transaction, providing expertise in facilitating the sale of the property. The transaction took place on June 30, 2024.
Northridge 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93