Updated Sep 9, 2024
Daniel Withers & John Boyett Broker Development Site Sale In Canoga Park For $11.75M
7047 Canoga Avenue, Canoga Park, CA, USA
$11,750,000
$229/SF
Building Size
51,159 SF
Asset Type
Development Site
Closing
Dec 22, 2020
About this deal
AI
Located in Canoga Park, this development site at 7047-7019 Canoga Ave recently changed hands in a closed transaction. The property spans a total of 51,159 square feet and is situated in a desirable market. The deal was facilitated by brokers Daniel Withers and John Boyett, representing the parties involved.
Summary of Transaction Details
- Property Type: Development site
- Transaction Amount: $11,750,000
- Market: Canoga Park
- Date: 12/23/2020
- Address: 7047-7019 Canoga Ave
- Brokers: Daniel Withers - Agency, John Boyett - Agency
- BSF: 51,159
- PPBSF: $229
This transaction marks an important milestone for both the buyer and seller, as they successfully navigated the sale of this development site. Daniel Withers and John Boyett played instrumental roles as brokers, ensuring a smooth and efficient deal. As a result of their expertise, the property was sold for a price of $11,750,000.
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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93