Updated Oct 28, 2024
Department Of Water & Power Acquires Industrial Property On Roscoe Blvd For $12.8M
21422 Roscoe Boulevard
$12,800,000
$137/SF
Building Size
92,928 SF
Asset Type
Industrial
Closing
Sep 30, 2022
About this deal
AI
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.
Players
Canoga Park 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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93