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15950 Strathern Street

Greg Kiselyuk Acquires Industrial Property In Van Nuys For $7.1M
SOLDIndustrial

Greg Kiselyuk Acquires Industrial Property In Van Nuys For $7.1M

15950 Strathern Street

$7,135,000

$274/SF

Building Size

25,980 SF

Asset Type

Industrial

Closing

Mar 13, 2023

AI

The industrial property located at 15950 Strathern Street in Van Nuys has been sold in a transaction. The property spans a total area of 25,980 square feet. The sale price for the property was $7,135,000, resulting in a price per square foot of $275.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,135,000
  • Address: 15950 Strathern Street, Van Nuys
  • Market: Van Nuys
  • Buyer: Greg Kiselyuk
  • Seller: David Parker
  • Brokers: Chris Mckenzie - Lee & Associates; Ryan McKenzie - Kidder Matthews

The deal was facilitated by Chris Mckenzie of Lee & Associates and Ryan McKenzie of Kidder Matthews. They represented the buyer and seller, respectively, in the transaction.

Players

Christopher Mckenzie

Lee & Associates

Broker

$24.5M

vol

5 deals

Broker
David Parker

David Parker

Seller

$10.2M

vol

2 deals

Seller

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.22%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93