Department Of Water & Power Acquires Industrial Property On Roscoe Blvd For $12.8M
SOLD
$12,800,000
California
See Similar DealsIndustrial92,928 SF
Sold 09/30/2022
SOLD
Department Of Water & Power Acquires Industrial Property On Roscoe Blvd For $12.8M
21422 Roscoe Boulevard
See Similar DealsIndustrial92,928 SF
Sold 09/30/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:92,928 SF
Transaction Type:Sale
The industrial property located at 21422 Roscoe Blvd in Canoga Park, CA has been sold in a closed transaction. The property spans a total area of 92,928 square feet and was sold for a price of $12,800,000, resulting in a price per square foot of $138.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,800,000
- Address: 21422 Roscoe Blvd, Canoga Park, CA
- Market: Canoga Park, CA
- Buyer: Department of Water & Power
- Seller: Bob Nouri
Representing the seller, Bob Nouri, in this transaction were Reza Ghobadi and Jared Papazian from Colliers. They facilitated the deal between the seller and the buyer, the Department of Water & Power. The transaction represents a significant sale in the industrial market of Canoga Park, CA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$682,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,475.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,678.53
Annual Debt Service$728,142.36
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