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
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