21100 Erwin Street, LLC Acquires Warner Center Office Building For $12.75M
21100 Erwin St, Woodland Hills, Ca 91367, Usa
$12,750,000
$310/SF
Building Size
41,058 SF
Asset Type
Office
Closing
May 4, 2020
About this deal
AI
The office property located at 21100 Erwin St in Warner Center has been sold in a closed transaction. The property spans a total area of 41,058 square feet and was sold for a price of $12,750,000, resulting in a price per square foot of $310.54. The buyer of the property is 21100 Erwin Street, LLC, while the seller is Warner Center Building, LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,750,000
- Address: 21100 Erwin St
- Market: Warner Center
- Square Footage: 41,058
- Seller: Warner Center Building, LLC
- Seller's Representative: Chase Cohen, Ryan Serling, Martin Agnew, Stuart Fagan
- Buyer: 21100 Erwin Street, LLC
- Buyer's Representative: T.C. Macker
The sale of this office property was facilitated by T.C. Macker, who represented the buyer, 21100 Erwin Street, LLC. The seller was represented by Chase Cohen, Ryan Serling, Martin Agnew, and Stuart Fagan.
Players
Woodland Hills Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93