Warner Park Center

21800 Burbank Boulevard | Woodland Hills, CA

58,500 Square Foot Office Building


Details

Date Purchased: January, 2001
Purchase Price: $9,000,000
Sale Price: $12,000,000
Sale Date: March, 2004
Holding Period: 39 Months
Initial Investment: $2,445,000
Investor Proceeds from Sale: $3,593,720
Internal Rate of Return: 24.47%

Completed Business Plan

  • Acquired a high quality, under performing property with 40% vacancy at time of sale
  • Renovated common areas and upgrade elevator and HVAC systems
  • Leased vacant space within six months of closing
  • Provided 6.75% to 10%+ annual cash on cash return to investors during holding period
  • Sold at profit resulting in 24.47% IRR

Persius Creative