Sonilex LLC Acquires Office Building In Northridge For $1M
SOLD
$1,000,000
+ 1
California
See Similar DealsOffice2,775 SF
Sold 11/25/2020
SOLD
Sonilex LLC Acquires Office Building In Northridge For $1M
8926 Reseda Boulevard, Northridge, CA, USA
See Similar DealsOffice2,775 SF
Sold 11/25/2020
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$360
Total Square Footage:2,775 SF
Transaction Type:Sale
An office property located at 8926 Reseda Blvd. in Northridge has been sold for $1,000,000. The property spans 2,775 square feet and was listed with an asking price of $995,000, resulting in a price per square foot of $360.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,000,000
- Address: 8926 Reseda Blvd.
- Market: Northridge
- Square Footage: 2,775
- Asking Price: $995,000
- Price Per Square Foot: $360
Sonilex LLC acted as the buyer in the transaction, while KK & HAK LLC served as the seller. Nerses Ananyan of Titus Realty Inc. represented the buyer, and Brad Wetherby, Martin Agnew, and Ryan Serling represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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