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14242 Oxnard Street, Van Nu...

A.R.&V. Tenaya, LLC & D&C Oxnard Industrial LLC Acquire Industrial Property In Van Nuys For $2.47M
SOLDIndustrial

A.R.&V. Tenaya, LLC & D&C Oxnard Industrial LLC Acquire Industrial Property In Van Nuys For $2.47M

14242 Oxnard Street, Van Nuys, CA 91401, USA

$2,475,000

$251/SF

Building Size

9,850 SF

Asset Type

Industrial

Closing

Nov 21, 2019

AI

An industrial property located at 14242 Oxnard St in Van Nuys has been sold for a price of $2,475,000. The property spans 9,850 square feet, resulting in a price per square foot of $251.27. The transaction took place on November 22, 2019. The buyers of the property are A.R.& V. Tenaya, LLC and D&C Oxnard Industrial LLC, while the sellers are Herve Willems and Solange Willems, Trustees of The Herve and Solange Willems Family Trust dated June 19, 2008. The deal was facilitated by brokers Ryan Serling, Martin Agnew, and Earle Hyman of the Agnew Serling Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,475,000
  • Address: 14242 Oxnard St, Van Nuys
  • Market: Van Nuys
  • Square Footage: 9,850 SF
  • Price per Square Foot: $251.27

Ryan Serling, Martin Agnew, and Earle Hyman, from the Agnew Serling Group, worked as brokers in this transaction, representing the parties involved.

Players

Earle Hyman

Marcus & Millichap

Broker

$9.6M

vol

4 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

6.41%

Cash-on-Cash

-1.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93