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
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