Updated Oct 29, 2024
EB Parkway Holdings LLC Acquires Encino Courtyard Retail Center In Los Angeles For $55.5M
17401 Ventura Blvd Encino, CA 91316, USA
$55,500,000
$528/SF
Building Size
104,943 SF
Asset Type
Retail
Closing
May 10, 2023
About this deal
AI
EB Parkway Holdings LLC, a group of Los Angeles investors, has acquired Encino Courtyard, a 104,943-square-foot retail center located at 17401-17405 Ventura Blvd, Los Angeles. The property was sold for a total of $55,500,000, with a price per square foot of $529. The retail center, built in 1989 and renovated in 2022, is anchored by Target and Planet Fitness, both of which have leases running through 2033 and 2036 respectively.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $55,500,000
- Address: 17401-17405 Ventura Blvd, Los Angeles
- Market: Los Angeles
- Square Footage: 104,943
- Price per Square Foot: $529
Kidder Mathews represented the buyer, EB Parkway Holdings LLC, in this transaction. The seller was ShopCore Properties, with Marc Ricks acting as their representative.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93