facebook
Traded Co logo
Submit

Jeff Brush Acquires Industrial Property In Van Nuys For $6.29M

Property Image
SOLD
$6,290,000

California

See Similar Deals
Industrial19,824 SF
Sold 09/16/2021
the dealplayerscompscontact
Property Image
SOLD

Jeff Brush Acquires Industrial Property In Van Nuys For $6.29M

6611 Valjean Avenue, Van Nuys, CA 91406, USA

See Similar Deals
Industrial19,824 SF
Sold 09/16/2021
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$317
Total Square Footage:19,824 SF
Transaction Type:Sale

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

Rose O'sullivan
9 deals$57.2M volume(805) 338-9232
BROKER

Chris Jackson
NAI Global
4 deals$19.7M volume
BROKER

Todd Lorber
NAI Global
4 deals$24.1M volume
BROKER

Details

SOLD
IMAGE: Rose O'Sullivan, Chris Jackson & Todd Lorber DATE: 09/16/2021 ADDRESS: 6611-6615 Valjean Ave. MARKET: Van Nuys ASSET TYPE: Industrial BUYER: Jeff Brush SELLER: Dennis Levitt BROKERS: Rose O'Sullivan, Chris Jackson & Todd Lorber - NAI Capital Commercial SALE PRICE: $6,290,000 SF: 19,824 ~ PPSF: $317

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$335,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,347.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,817.81
Annual Debt Service$357,813.71