Neema Ahadian & Iman Mossanen Sell Development/Medical Building In Panorama City For $3.65M
SOLD
$3,650,000
California
See Similar DealsDevelopment Site267,980 SF
Sold 10/21/2020
SOLD
Neema Ahadian & Iman Mossanen Sell Development/Medical Building In Panorama City For $3.65M
14400 Roscoe Blvd, Van Nuys, CA 91402, USA
See Similar DealsDevelopment Site267,980 SF
Sold 10/21/2020
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$13
Total Square Footage:267,980 SF
Transaction Type:Sale
A development/medical building located at 14400 Roscoe Boulevard in Panorama City has been sold for a price of $3,650,000. The property measures approximately 26,798 square feet, resulting in a price per square foot of $136. The building falls under the zoning category of Q C2-1-CDO in a Tier 2 TOC. The transaction was closed on October 21, 2020.
Summary of transation details
- Property Type: Development/Medical Building
- Transaction Amount: $3,650,000
- Square Footage: 26,798
- Price Per Square Foot: $136
- Address: 14400 Roscoe Boulevard, Panorama City
- Market: Panorama City
- Zoning: Q C2-1-CDO in a Tier 2 TOC
The transaction was facilitated by brokers Neema Ahadian and Iman Mossanen from The Neema Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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