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14400 Roscoe Blvd, Van Nuys...

Neema Ahadian & Iman Mossanen Sell Development/Medical Building In Panorama City For $3.65M
SOLDDevelopment Site

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

Iman Mossanen

Marcus & Millichap

Broker

$77.4M

vol

15 deals

Broker

Panorama City Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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