Neema Ahadian & Iman Mossanen Sell Development/Medical Building In Panorama City For $3.65M
14400 Roscoe Blvd, Van Nuys, CA 91402, USA
$3,650,000
$13/SF
Building Size
267,980 SF
Asset Type
Development Site
Closing
Oct 20, 2020
AI
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.
Players
Panorama City Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93