Spectrum Commercial Real Estate Sells Industrial Property In Van Nuys For $1.715M
SOLD
$1,715,000
California
See Similar DealsIndustrial4,450 SF
Sold 10/19/2023
SOLD
Spectrum Commercial Real Estate Sells Industrial Property In Van Nuys For $1.715M
7049 Valjean Avenue
See Similar DealsIndustrial4,450 SF
Sold 10/19/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$385
Total Square Footage:4,450 SF
Transaction Type:Sale
The industrial property located at 7049 Valjean Avenue in Van Nuys has been sold for a price of $1,715,000. The property spans over 4,450 square feet, with a price per square foot of $385.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,715,000
- Square Footage: 4,450
- Price Per Square Foot: $385
- Address: 7049 Valjean Avenue
- Market: Van Nuys
- Brokers: Yair Haimoff & Barry Jakov - Spectrum Commercial Real Estate
The deal was handled by Yair Haimoff and Barry Jakov of Spectrum Commercial Real Estate. They served as the brokers for this transaction, facilitating the sale of the industrial property in Van Nuys.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,093.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,129.97
Annual Debt Service$97,559.70
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