Marjory Cones Sells Retail Property In Woodland Hills For $3.6M
SOLD
$3,585,000
California
See Similar DealsRetail3,600 SF
Sold 12/16/2021
SOLD
Marjory Cones Sells Retail Property In Woodland Hills For $3.6M
6433-6437 Topanga Canyon Blvd, Woodland Hills, CA 91303
See Similar DealsRetail3,600 SF
Sold 12/16/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$995
Total Square Footage:3,600 SF
Transaction Type:Sale
Located in Woodland Hills, the property at 6433-6437 Topanga Canyon Blvd. has recently been sold in a retail transaction. The property spans 3,600 square feet and is priced at $3,585,000, resulting in a price per square foot of $995. The sale was completed on December 16, 2021.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,585,000
- Square Footage: 3,600
- Price per Square Foot: $995
- Address: 6433-6437 Topanga Canyon Blvd.
- Market: Woodland Hills
Marjory Cones was the seller of the property, while Illi Commercial Real Estate represented the seller as the broker, with Greg Offsay acting as their representative in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$191,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,736.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,994.73
Annual Debt Service$203,936.75
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