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
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