Updated Sep 5, 2024
George Nazarian Acquires Industrial Property In San Fernando Valley For $1.4M
14737 Calvert Street, Van Nuys, CA, USA
$1,405,000
$281/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Sep 15, 2021
About this deal
AI
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.
On the Map
$1,405,000
$281/SF
Industrial
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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
11.29%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93