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George Nazarian Acquires Industrial Property In San Fernando Valley For $1.4M

Property Image
SOLD
$1,405,000

California

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Industrial5,000 SF
Sold 09/15/2021
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Property Image
SOLD

George Nazarian Acquires Industrial Property In San Fernando Valley For $1.4M

14737 Calvert Street, Van Nuys, CA, USA

See Similar Deals
Industrial5,000 SF
Sold 09/15/2021
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$281
Total Square Footage:5,000 SF
Transaction Type:Sale

Located in the San Fernando Valley, the industrial property at 14737 Calvert St. recently changed hands in a closed sale transaction. The property, spanning 5,000 square feet, was sold for $1,405,000, resulting in a price per square foot of $281. Alex Matevosian of the Matevosian Investment Group represented both the buyer, George Nazarian, and the seller, Jorge Magnani, in this deal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,405,000
  • Address: 14737 Calvert St.
  • Square Footage: 5,000
  • Price per Square Foot: $281
  • Market: San Fernando Valley
  • Buyer: George Nazarian
  • Seller: Jorge Magnani
  • Broker: Alex Matevosian - Matevosian Investment Group

Matevosian Investment Group specializes in deal sourcing and guiding clients through commercial escrows. They proactively seek opportunities and prioritize client satisfaction. If you are considering selling your commercial property, contact Alex at 818-482-3830.

Players

Alex Matevosian
MIG Commercial Real Estate Services
Alex Matevosian
8 deals$12.6M volume
BROKER
JohnHart Real Estate
JohnHart Real Estate
BROKERAGE

Details

SOLD
IMAGE: Alex Matevosian DATE: 09/15/2021 ADDRESS: 14737 Calvert St. MARKET: San Fernando Valley ASSET TYPE: Industrial BUYER: George Nazarian SELLER: Jorge Magnani BROKER: Alex Matevosian (@AlexMatevosian) - Matevosian Investment Group SALE PRICE: $1,405,000 SF: 5,000 ~ PPSF: $281 NOTE: Attention all Industrial & Commercial Property Owners/Buyers ** Deal sourcing, & having an experienced team navigate through commercial escrows on both listing & buyer side is what Matevosian Investment Group is known for. We don't wait for phones to ring we go out there & get deals done for our clients. Thinking about selling your next commercial property? Call Alex @ 818-482-3830

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,991.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,660.42
Annual Debt Service$79,925.00