Updated Jan 21, 2025
Yair Haimoff Of Spectrum Commercial Real Estate Represents Buyer In $3.325M Industrial Sale In Canoga Park
7638 Deering Avenue
$3,325,000
$224/SF
Building Size
14,824 SF
Asset Type
Industrial
Closing
Dec 13, 2024
About this deal
AI
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.
On the Map
$3,325,000
$224/SF
Industrial
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Players
Canoga Park 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
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93