Darin Harvey Acquires Van Nuys Industrial Property For $6.4M
6955 Valjean Avenue & 16226 Hart Street
$6,400,000
$167/SF
Building Size
38,120 SF
Asset Type
Industrial
Closing
Feb 5, 2024
AI
The industrial property located at 6955 Valjean Avenue & 16226 Hart Street in Van Nuys has been sold for a price of $6,400,000. The property spans across 19,060 square feet, resulting in a price per square foot of $336.
Summary of Transaction Details
- Property Type: Industrial
- Sale Price: $6,400,000
- Square Footage: 19,060
- Price Per Square Foot: $336
- Address: 6955 Valjean Avenue & 16226 Hart Street, Van Nuys
- Market: Van Nuys
The buyer of the industrial property is Darin Harvey, while Richard Brent is the seller. Grant Fulkerson, Mike Tingus, and Patrick Reddy from Lee & Associates represented Darin Harvey as his buyer's representatives in the deal.
Players
Van Nuys 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93