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14550 Delano St Van Nuys, C...

Bart Family Trust Sells Development Site In Van Nuys For $3.3M With Buyer's Rep Jonathan Krikorian - IREA
SOLDDevelopment Site

Bart Family Trust Sells Development Site In Van Nuys For $3.3M With Buyer's Rep Jonathan Krikorian - IREA

14550 Delano St Van Nuys, CA 91411, USA

$3,275,000

Building Size

Asset Type

Development Site

Closing

May 8, 2023

AI

Located at 14550 Delano Street in Van Nuys, this development site spans 15,006± square feet of land. The property is situated in a prime Tier 4 TOC location, offering attractive development opportunities. The transaction involved the Bart Family Trust as the seller and was represented by Chris Thompson. The buyer, represented by Jonathan Krikorian from IREA, acquired the property.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,275,000
  • Address: 14550 Delano Street
  • Market: Van Nuys

This deal not only showcases the significance of the property but also highlights the key individuals involved. Chris Thompson represented the seller, the Bart Family Trust, while Jonathan Krikorian from IREA acted as the buyer's representative.

Players

Chris Thompson

Broker

$27.1M

vol

6 deals

Broker

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

4.84%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93