J&M Investment Group LLC Acquires Property From Howard Management In Sherman Oaks For $18.1M
SOLD
$18,100,000
California
See Similar Deals42,453 SF
SOLD
J&M Investment Group LLC Acquires Property From Howard Management In Sherman Oaks For $18.1M
15009 Moorpark St, Sherman Oaks, C...
See Similar Deals42,453 SF
Summary
CALIFORNIA
Price Per Square Foot:$426
Total Square Footage:42,453 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$965,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,305.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,803.23
Annual Debt Service$1,029,638.81
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