Development Site At 21010 Vanowen Street In Canoga Park Sold For $12.7M
SOLD
$12,700,000
California
See Similar DealsDevelopment Site93,218 SF
Sold 11/07/2025
SOLD
Development Site At 21010 Vanowen Street In Canoga Park Sold For $12.7M
21010 Vanowen Street
See Similar DealsDevelopment Site93,218 SF
Sold 11/07/2025
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$136
Total Square Footage:93,218 SF
Transaction Type:Sale
The property asset involved in the transaction is a development site located at 21010 Vanowen Street in Canoga Park. The sale price of the asset was $12,700,000, encompassing a square footage of 93,218, which equates to a price per square foot of $136.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,700,000
- Address: 21010 Vanowen Street
- Market: Canoga Park
- Square Footage: 93,218
- Price per Square Foot: $136
The individuals involved in representing this transaction were John Boyett and Bennett Robinson, affiliated with CBRE, who played key roles in facilitating the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$677,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,204.48
Annual Debt Service$722,453.75
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