Bolour Associates Acquires Retail Property In Woodland Hills For $9M
SOLD
$9,000,000
California
See Similar DealsRetail10,612 SF
Sold 03/11/2022
SOLD
Bolour Associates Acquires Retail Property In Woodland Hills For $9M
5780 Canoga Avenue, Woodland Hills, California 91367, United States
See Similar DealsRetail10,612 SF
Sold 03/11/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$848
Total Square Footage:10,612 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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