Updated Mar 4, 2026
Zalmi Klyne Of NorthMarq Arranges $2.955 Million Refinance For Industrial Property In Van Nuys
14928 Oxnard Street
$2,955,000
$164/SF
Building Size
18,000 SF
Asset Type
Industrial
Closing
Mar 2, 2026
About this deal
AI
The property asset involved is an 18,000-square-foot industrial distribution and showroom located at 14928 Oxnard Street in the Van Nuys market. The transaction involves a loan amount of $2,955,000 for refinancing this industrial facility, which was built in 1956, and supports wholesale, retail, and warehouse operations on a 0.65-acre lot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,955,000
- Loan Type: Refinance
- Loan Terms: Seven-year
- Address: 14928 Oxnard Street
- Market: Van Nuys
- Broker: Zalmi Klyne - NorthMarq
The NorthMarq’s Los Angeles Debt + Equity team, led by Zalmi Klyne, facilitated the refinance through a correspondent life insurance lender. This transaction pertains to a single-tenant, multi-use facility that meets various operational needs.
Players
Van Nuys Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.37%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93