Updated Dec 4, 2024
Spectrum Commercial Real Estate Sells Industrial Property In Van Nuys For $1.715M
7049 Valjean Avenue
$1,715,000
$385/SF
Building Size
4,450 SF
Asset Type
Industrial
Closing
Oct 19, 2023
About this deal
AI
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.
On the Map
$1,715,000
$385/SF
Industrial
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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
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93