Almog Strikowski & Dario Svidler Acquire Development Site In Van Nuys For $8.9M
SOLD
$8,900,000
California
See Similar DealsDevelopment Site57,995 SF
Sold 09/22/2021
SOLD
Almog Strikowski & Dario Svidler Acquire Development Site In Van Nuys For $8.9M
14519 Sylvan Street, Van Nuys, CA, USA
See Similar DealsDevelopment Site57,995 SF
Sold 09/22/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$153
Total Square Footage:57,995 SF
Transaction Type:Sale
A development site located at 14519-14539 & 14606-14610 Sylvan St. & 14602-14606 Friar St. in Van Nuys has been sold for a total price of $8,900,000. The property, which is situated in the Van Nuys market, consists of a development site with a total building square footage (BSF) of 57,995. The price per building square footage (PPBSF) is $153.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $8,900,000
- Address: 14519-14539 & 14606-14610 Sylvan St. & 14602-14606 Friar St., Van Nuys
- Market: Van Nuys
- Building Square Footage (BSF): 57,995
- Price per Building Square Footage (PPBSF): $153
The sale of this development site was facilitated by brokers Almog Strikowski & Dario Svidler. They played a crucial role in the transaction, representing the parties involved in the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$474,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49
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