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LOS ANGELES – A 164,312-square-foot office and retail property in the Los Angeles submarket of Woodland Hills has received $19.3 million in financing. The property is located at 6325 & 6355 Topanga Canyon Blvd.
Notable tenants at the property include Fleming’s and Roy’s. The first-mortgage loan featured a significant cash-out for the office and retail buildings.
The 10-year, interest-only loan was arranged by David Blum and Michael Elmore of NorthMarq Capital’s Los Angeles office through the firm’s relationship with a CMBS lender.