Chris Martinez Acquires Development Site In Van Nuys For $2.3M
SOLD
$2,295,000
California
See Similar DealsDevelopment Site850 SF
Sold 04/10/2019
SOLD
Chris Martinez Acquires Development Site In Van Nuys For $2.3M
14817 Delano Street, Van Nuys, CA 91411, USA
See Similar DealsDevelopment Site850 SF
Sold 04/10/2019
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$2,700
Total Square Footage:850 SF
Transaction Type:Sale
A development site located at 14817-14829 Delano St in Van Nuys has been sold for a price of $2,295,000. The property spans a total building square footage (BSF) of 22,506, resulting in a price per square foot (PPSF) of $101. The transaction took place on April 10, 2019.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,295,000
- Address: 14817-14829 Delano St, Van Nuys
- Market: Van Nuys
- BSF: 22,506
- PPBSF: $101
The sale of this development site was facilitated by Chris Martinez, a broker representing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,153.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,879.47
Annual Debt Service$130,553.65
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