Updated Sep 5, 2024
Alex Galuz Acquires Retail Property In Woodland Hills For $24.5M
22631 Ventura Boulevard, Woodland Hills, California 91364, United States
$24,500,000
$612/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
May 30, 2022
About this deal
AI
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.
On the Map
$24,500,000
$612/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93