Alex Galuz Acquires Retail Property In Woodland Hills For $24.5M
SOLD
$24,500,000
California
See Similar DealsRetail40,000 SF
Sold 05/31/2022
SOLD
Alex Galuz Acquires Retail Property In Woodland Hills For $24.5M
22631 Ventura Boulevard, Woodland Hills, California 91364, United States
See Similar DealsRetail40,000 SF
Sold 05/31/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$612
Total Square Footage:40,000 SF
Transaction Type:Sale
A retail property located at 22631 Ventura Blvd in Woodland Hills has been sold for $24,500,000. The property spans 40,000 square feet, resulting in a price per square foot of $612. The transaction took place on May 31, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $24,500,000
- Address: 22631 Ventura Blvd.
- Market: Woodland Hills
- Square Footage: 40,000
Alex Galuz was the buyer, while Jong Hyun was the seller. The deal was facilitated by brokers Alex Galuz from Keller Williams Calabasas and Joe Penich from KW Calabasas.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99
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