Almog Strikowski & Dario Svidler Acquire Development Site In Van Nuys For $8.9M
14519 Sylvan Street, Van Nuys, CA, USA
$8,900,000
$153/SF
Building Size
57,995 SF
Asset Type
Development Site
Closing
Sep 21, 2021
AI
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
Los Angeles 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93