Updated Oct 29, 2024
Stan Kroenke's Kroenke Organization Acquires Woodland Hills Retail Property For $325M
6220 Topanga Canyon Boulevard, Woodland Hills, California 91367, United States
$325,000,000
$541,666/SF
Building Size
600 SF
Asset Type
Retail
Closing
Dec 27, 2022
About this deal
AI
The retail property located at 6220–6344 North Topanga Canyon Boulevard in Woodland Hills has been sold. The property is situated at the Westfield Topanga complex. The transaction took place on December 27, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $325,000,000
- Square Footage: 600,000
- Price per Square Foot: $542
- Address: 6220–6344 North Topanga Canyon Boulevard, Woodland Hills
- Market: Woodland Hills
The buyer in the transaction was the Kroenke Organization represented by Stan Kroenke. They acquired the property from Unibail-Rodamco-Westfield, with Fabrice Mouchel representing the seller. The deal marks a significant real estate transaction in the retail market of Woodland Hills.
Woodland Hills 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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93