Noam Ziv Acquires Industrial Property In Reseda For $3.1M
SOLD
$3,100,000
California
See Similar DealsIndustrial4,835 SF
Sold 05/07/2024
SOLD
Noam Ziv Acquires Industrial Property In Reseda For $3.1M
7046 Darby Avenue
See Similar DealsIndustrial4,835 SF
Sold 05/07/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$641
Total Square Footage:4,835 SF
Transaction Type:Sale
The industrial property located at 7046 Darby Avenue in Reseda was successfully sold in a recent transaction. The property spans 4,835 square feet with a sale price of $3,100,000, resulting in a price per square foot of $641.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Buyer: Noam Ziv
- Seller: Ryan Moore
- Brokers: Blas Fernandez & Brian Vu - IKON Properties
- Address: 7046 Darby Avenue
- Market: Reseda
The sale was facilitated by Blas Fernandez and Brian Vu from IKON Properties, representing the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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