Updated Dec 21, 2023
Steven Loo Acquires Office Building In Northridge For $13.8M
9535 Reseda Boulevard, Northridge, California 91324, United States
$13,775,000
$345/SF
Building Size
39,849 SF
Asset Type
Office
Closing
Jun 7, 2022
About this deal
AI
An office building located at 9535 Reseda Blvd. in Northridge has been sold for $13,775,000. The property spans across 39,849 square feet, resulting in a price per square foot of $345.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,775,000
- Address: 9535 Reseda Blvd.
- Market: Northridge
- Square Footage: 39,849
The buyer, Steven Loo, acquired the property from Adrian Stern. Representing the buyer was Mitch Yankowitz, Jeffrey Cunningham, and Annie Cunningham from Medical Asset Management. On the seller's side, Martin Agnew, Ryan R. Serling, and Mike Malick from the Agnew-Serling Group at Marcus & Millichap facilitated the transaction.
On the Map
$13,775,000
$345/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93