J&M Investment Group LLC Acquires Property From Howard Management In Sherman Oaks For $18.1M
15009 Moorpark St, Sherman Oaks, C...
$18,100,000
$426/SF
Building Size
42,453 SF
Asset Type
—
Closing
Nov 19, 2023
AI
15009 Moorpark St, Sherman Oaks, CA, is a commercial property that was sold for $18,100,000.00. The property encompasses a total area of 42,453 square feet and is located in the Sherman Oaks market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $18,100,000.00
- Address: 15009 Moorpark St, Sherman Oaks, CA
- Market: Sherman Oaks
- Buyer: J&M Investment Group LLC
- Seller: Howard Management
- Buyer's Representative: Brett Sanson, Jeff Louks (Marcus & Millichap)
The transaction involved J&M Investment Group LLC as the buyer, with Howard Management acting as the seller. Brett Sanson and Jeff Louks from Marcus & Millichap represented the buyer in this deal.
Players
Sherman Oaks CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93