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14200 Aetna Street, Van Nuy...

14200 Aetna Street Industrial Sold In Van Nuys For $2.2M With Buyer's Rep Daniel Hirth & Seller's Rep Jake Zacuto
SOLDIndustrial

14200 Aetna Street Industrial Sold In Van Nuys For $2.2M With Buyer's Rep Daniel Hirth & Seller's Rep Jake Zacuto

14200 Aetna Street, Van Nuys, CA, USA

$2,235,000

$421/SF

Building Size

5,300 SF

Asset Type

Industrial

Closing

Mar 4, 2021

AI

14200 Aetna Street, located in Van Nuys, was recently sold in a closed transaction. The industrial property, spanning 5,300 square feet, was on the market with an asking price of $2,195,000. Ultimately, it sold for $2,235,000, resulting in a price per square foot of $421.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $2,235,000
  • Square Footage: 5,300
  • Asking Price: $2,195,000
  • Price Per Square Foot: $421
  • Market: Van Nuys

The sale of 14200 Aetna Street was facilitated by the seller's representatives, Jake Zacuto from Zacuto Group, and Andrew Sinasohn. The buyer's representatives involved in the transaction were Daniel Hirth from Hirth Group, Alex Reyhan, and Ethan Donel. Together, they negotiated the deal and successfully closed the transaction.

Players

Ethan Donel

The Hirth Group

Broker

$59.8M

vol

25 deals

Broker

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.10%

Cash-on-Cash

-2.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93