Sonilex LLC Acquires Office Building In Northridge For $1M
8926 Reseda Boulevard, Northridge, CA, USA
$1,000,000
$360/SF
Building Size
2,775 SF
Asset Type
Office
Closing
Nov 24, 2020
AI
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.
Players
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93