Updated Oct 29, 2024
Elevado Group Acquires Development Site In Van Nuys For $5.5M
6314 Woodman Avenue, Van Nuys, California 91401, United States
$5,525,000
$149,324/SF
Building Size
37 SF
Asset Type
Development Site
Closing
Aug 11, 2022
About this deal
AI
6314, 6324 & 6330 Woodman Ave in Van Nuys, CA were sold for $5,525,000 in a recent transaction. The property, a development site, spans a total of 37,613 square feet, with a price per square foot of $147. The sale was facilitated by brokers Iman Mossanen and Neema Ahadian of Marcus & Millichap.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,525,000
- Address: 6314, 6324 & 6330 Woodman Ave, Van Nuys, CA
- Market: Van Nuys, CA
- Buyer: Elevado Group
- Seller: Constance Family Trust
- Brokers: Iman Mossanen & Neema Ahadian - Marcus & Millichap
Elevado Group acquired the development site from Constance Family Trust. Iman Mossanen and Neema Ahadian of Marcus & Millichap represented the buyer in the transaction.
On the Map
$5,525,000
$149,324/SF
Development Site
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Players
Van Nuys 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
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93