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Retail Asset Sold In Agoura Hills For $7.65 Million With Seller's Representatives Ovaness-Rostamian Group

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SOLD
$7,650,000

California

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Retail30,891 SF
Sold 02/27/2025
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Property Image
SOLD

Retail Asset Sold In Agoura Hills For $7.65 Million With Seller's Representatives Ovaness-Rostamian Group

28610 Canwood Street

See Similar Deals
Retail30,891 SF
Sold 02/27/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$247
Total Square Footage:30,891 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 28610 Canwood Street, Agoura Hills. The sale was completed at a price of $7,650,000, with a total square footage of 30,891, resulting in a price per square foot of $247.

Summary of transaction details:

The transaction was facilitated by the representatives from Ovaness-Rostamian Group, namely Orbell Ovaness, Aren Ohanian, and Ara Rostamian, who are associated with Marcus & Millichap, indicating their role in representing the seller in this retail property sale.

Players

Orbell Ovaness
24 deals$210.7M volume(213) 943-1822
BROKER

Ara Rostamian
Marcus & Millichap
24 deals$210.7M volume(818) 823-0832
BROKER

Aren Ohanian
Marcus & Millichap
6 deals$36.2M volume
BROKER

Details

SOLD
IMAGE: Orbell Ovaness, Aren Ohanian & Ara Rostamian DATE: 02/27/2025 ADDRESS: 28610 Canwood Street MARKET: Agoura Hills ASSET TYPE: Retail SELLER'S REP: Orbell Ovaness (@Orbell_Ovaness), Aren Ohanian & Ara Rostamian (@AraRostamian_cre) - Ovaness-Rostamian Group (@Ovaness_Rostamian) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $7,650,000 SF: 30,891 ~ PPSF: $247 #

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$408,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,178.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,264.90
Annual Debt Service$435,178.83