Chase Cohen, John Lally And Ryan Serling Acquire Development Site In Canoga Park, Warner Center For $31M
6636 Variel Avenue, Canoga Park, CA, USA
$31,000,000
$248/SF
Building Size
124,559 SF
Asset Type
Development Site
Closing
Mar 7, 2019
AI
A development site located at 6636 Variel Ave in Canoga Park, Warner Center was recently sold for $31,000,000. The property spans 124,559 square feet, resulting in a price per square foot of $248.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $31,000,000
- Address: 6636 Variel Ave
- Market: Canoga Park, Warner Center
- Square Footage: 124,559
- Price per Square Foot: $248
The transaction was facilitated by Chase Cohen, John Lally, Martin Agnew, and Ryan Serling. Chase Cohen, from @ccohen53, along with John Lally, Martin Agnew, and Ryan Serling played key roles as the representatives in this deal.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93