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Ori Kainen Acquires Southern California Veterinary Hospital In Woodland Hills For $2.75M

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SOLD
$2,750,000

California

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Office3,213 SF
Sold 11/18/2024
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Property Image
SOLD

Ori Kainen Acquires Southern California Veterinary Hospital In Woodland Hills For $2.75M

5421 Topanga Canyon Boulevard

See Similar Deals
Office3,213 SF
Sold 11/18/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$855
Total Square Footage:3,213 SF
Transaction Type:Sale

The property involved in this transaction is a Veterinary Hospital located at 5421 Topanga Canyon Boulevard in Woodland Hills. The asset features a total square footage of 3,213 and is positioned in a market with a competitive healthcare landscape. The asking price was set at $2,789,300, and the property sold for a negotiated sale price of $2,750,000, reflecting a price per square foot of $855.

Summary of transaction details:

  • Property Type: Veterinary Hospital
  • Transaction Amount: $2,750,000
  • Address: 5421 Topanga Canyon Boulevard
  • Market: Woodland Hills
  • Square Footage: 3,213
  • Asking Price: $2,789,300
  • Price per Square Foot: $855
  • Buyer: Ori Kainen
  • Seller: George Cuellar
  • Broker: Daniel Solomon - Kidder Mathews

Daniel Solomon played a pivotal role in this transaction, where he represented both the Buyer and the Seller. As the leader of the Healthcare Real Estate Group at Kidder Mathews' West LA office, he was able to secure multiple competitive offers for the Seller shortly after listing the property. A significant highlight of the transaction was the acceptance of a non-contingent offer, achieving 98.59% of the list price.

Players

Daniel Solomon
17 deals$52.9M volume
BROKER

Details

SOLD
IMAGE: Daniel Solomon DATE: 11/18/2024 ADDRESS: 5421 Topanga Canyon Boulevard MARKET: Woodland Hills ASSET TYPE: Veterinary Hospital BUYER: Ori Kainen SELLER: George Cuellar BROKER: Daniel Solomon (@DanielSolomonn) - Kidder Mathews (@Kidder.Mathews) ASKING PRICE: $2,789,300 SALE PRICE: $2,750,000 SF: 3,213 ~ PPSF: $855 NOTE FROM BROKER: Daniel Solomon successfully sold the Southern California Veterinary Hospital in Woodland Hills, CA located right off Ventura Blvd and Topanga Canyon Blvd. Both the Seller and Buyer were exclusively represented by Daniel Solomon, leader of the Healthcare Real Estate Group at the firm’s West LA office. Multiple competitive offers were sourced by Daniel for the Seller within only a few days of taking the property out to market. Ultimately, 98.59% of list price was achieved through a non-contingent offer. For all veterinary hospital, healthcare and medical office real estate needs, contact Daniel Solomon at 310-709-8985.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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