Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,000,000
$360/SF
Office
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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