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7453 Woodley Avenue

Philip Bromberg Purchases Industrial Asset On Woodley Avenue In Van Nuys For $1.85M
SOLDIndustrial

Philip Bromberg Purchases Industrial Asset On Woodley Avenue In Van Nuys For $1.85M

7453 Woodley Avenue

$1,850,000

$415/SF

Building Size

4,450 SF

Asset Type

Industrial

Closing

May 26, 2025

AI

The property involved in this transaction is an industrial asset located at 7453 Woodley Avenue in the Van Nuys market. The sale price for the property was $1,850,000. The total square footage of the asset is 4,450, resulting in a price per square foot of $415.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,850,000
  • Address: 7453 Woodley Avenue
  • Market: Van Nuys
  • Square Footage: 4,450
  • Price per Square Foot: $415
  • Buyer: Philip Bromberg
  • Seller: Carole Leboff
  • Buyer's Representative: Karl Markarian & Abel Mehrabi - eXp World Holdings

Karl Markarian and Abel Mehrabi represented the buyer, Philip Bromberg, in this industrial property transaction. Carole Leboff served as the seller in the deal.

Players

Karl Markarian

eXp World Holdings

Broker

$69.9M

vol

14 deals

Broker
eXp World Holdings
eXp World HoldingsBrokerage

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93