Jeff Brush Acquires Industrial Property In Van Nuys For $6.29M
6611 Valjean Avenue, Van Nuys, CA 91406, USA
$6,290,000
$317/SF
Building Size
19,824 SF
Asset Type
Industrial
Closing
Sep 16, 2021
AI
A sale transaction took place in Van Nuys, involving an industrial property located at 6611-6615 Valjean Ave. The property, spanning 19,824 square feet, was sold for a price of $6,290,000, resulting in a price per square foot of $317. The transaction was completed on September 16, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,290,000
- Address: 6611-6615 Valjean Ave.
- Market: Van Nuys
- Buyer: Jeff Brush
- Seller: Dennis Levitt
- Brokers: Rose O'Sullivan, Chris Jackson & Todd Lorber - NAI Capital Commercial
- Square Footage: 19,824
- Price Per Square Foot: $317
The sale of this industrial property was facilitated by brokers Rose O'Sullivan, Chris Jackson, and Todd Lorber, representing NAI Capital Commercial. Their expertise and services played a crucial role in the successful completion of the transaction. Jeff Brush emerged as the buyer, while Dennis Levitt acted as the seller.
Players
Van Nuys 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93