Updated Sep 23, 2026
Brandon Michaels Of Marcus & Millichap Represents Seller In $7.7M Sale Of Staples Store
21825 Erwin Street
$7,700,000
$422/SF
Building Size
18,210 SF
Asset Type
Retail
Closing
Sep 17, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 21825 Erwin Street in Woodland Hills, CA. The sale price for the 18,210-square-foot property was $7,700,000, translating to a price per square foot of $423. The site encompasses 1.16 acres and features a corporate-guaranteed triple-net lease, with zoning that allows for high-density mixed-use development. It is situated across from the planned Rams Village.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,700,000
- Address: 21825 Erwin Street
- Market: Woodland Hills, CA
- Square Footage: 18,210
- Price Per Square Foot: $423
- Acreage: 1.16
- Broker: Brandon Michaels - Marcus & Millichap
Brandon Michaels represented the seller in this transaction and also procured the buyer. Marcus & Millichap facilitated the sale of the Staples store, indicating the involvement of a significant brokerage in the successful deal execution.
On the Map
$7,700,000
$422/SF
Retail
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Erwin 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93