Bolour Associates Acquires Retail Property In Woodland Hills For $9M
5780 Canoga Avenue, Woodland Hills, California 91367, United States
$9,000,000
$848/SF
Building Size
10,612 SF
Asset Type
Retail
Closing
Mar 10, 2022
AI
The retail property located at 5780 Canoga Ave. in Woodland Hills has been sold for a total price of $9,000,000. The property spans a total area of 10,612 square feet, resulting in a price per square foot of $848. The sale was finalized on March 11, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 5780 Canoga Ave.
- Market: Woodland Hills
The buyer in this transaction was Bolour Associates, while the seller was Flamingo Investments Inc., represented by Rina Avnery. The deal was facilitated by Kyle Pari and Michael Pakravan, brokers from Matthews Real Estate Investment Services.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93