Yair Haimoff Of Spectrum Commercial Real Estate Represents Buyer In $3.325M Industrial Sale In Canoga Park
SOLD
California
See Similar DealsIndustrial14,824 SF
Sold 12/13/2024
SOLD
Yair Haimoff Of Spectrum Commercial Real Estate Represents Buyer In $3.325M Industrial Sale In Canoga Park
7638 Deering Avenue
See Similar DealsIndustrial14,824 SF
Sold 12/13/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$224
Total Square Footage:14,824 SF
Transaction Type:Sale
The property involved in the transaction is located at 7638 Deering Avenue in Canoga Park. This industrial asset spans 14,824 square feet and was sold for $3,325,000, which equates to a price per square foot of $224.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,325,000
- Square Footage: 14,824
- Price per Square Foot: $224
- Address: 7638 Deering Avenue
- Market: Canoga Park
- Buyer's Representative: Yair Haimoff - Spectrum Commercial Real Estate
- Seller's Representative: Matthew Luchs - Zacuto Group - Marcus & Millichap
Yair Haimoff represented the buyer in this transaction, while Matthew Luchs acted as the seller's representative. Both brokers are affiliated with established real estate firms, facilitating a smooth transaction process between the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$177,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,813.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,762.20
Annual Debt Service$189,146.36
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