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Circled Triangle Properties Acquires Industrial Property In Van Nuys For $5.03M

Property Image
SOLD
$5,030,000
Shaya Braverman
Jake Zacuto
Connor Sears

California

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Industrial11,900 SF
Sold 12/02/2022
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Property Image
SOLD

Circled Triangle Properties Acquires Industrial Property In Van Nuys For $5.03M

7650 Gloria Avenue

See Similar Deals
Industrial11,900 SF
Sold 12/02/2022
Shaya Braverman
Jake Zacuto
Connor Sears
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$422
Total Square Footage:11,900 SF
Transaction Type:Sale

The industrial property located at 7650 Gloria Avenue in Van Nuys has been sold in a transaction valued at $5,031,000. The property spans 11,900 square feet, resulting in a price per square foot of $423. The sale took place on 12/02/2022.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $5,031,000
  • Address: 7650 Gloria Avenue, Van Nuys
  • Market: Van Nuys

Blumes Tracy, representing Circled Triangle Properties, LLC, purchased the property from Dijon McFarlane, representing Dime HQ, LLC. The buyer was represented by Jake Zacuto and Connor Sears from Zacuto Group, along with Shaya Braverman from Compass.

Players

Connor Sears
Zacuto Group
Connor Sears
6 deals$26.7M volume
BROKER
Jake Zacuto
Zacuto Group
Jake Zacuto
59 deals$368.6M volume(310) 469-9012
BROKER
Shaya Braverman
Keller Williams Realty
Shaya Braverman
10 deals$92.7M volume
BROKER

Details

SOLD
IMAGE: Connor Sears, Jake Zacuto & Shaya Braverman DATE: 12/02/2022 ADDRESS: 7650 Gloria Avenue MARKET: Van Nuys ASSET TYPE: Industrial BUYER: Blumes Tracy - Circled Triangle Properties, LLC SELLER: Dijon McFarlane - Dime HQ, LLC BROKERS: Jake Zacuto, Connor Sears - Zacuto Group; Shaya Braverman - Compass SALE PRICE: $5,031,000 SF: 11,900 ~ PPSF: $423

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,870.52
Cash-on-Cash Return-1.27%
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