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21100 Erwin St, Woodland Hi...

Updated Oct 29, 2024

21100 Erwin Street, LLC Acquires Warner Center Office Building For $12.75M
SOLDOffice

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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Deal FAQ

About $310 per square foot on a published $12.8M for 41,058 square feet (2020).

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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

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