facebook
Traded Co logo
Submit

Fortress Acquires Industrial Property In San Fernando Valley From Richard Raczuk For $9.25M

Property Image
SOLD
$9,250,000
Jonathan Lee
David Hoffberg
Roy Harel
+ 1

California

See Similar Deals
Industrial35,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Fortress Acquires Industrial Property In San Fernando Valley From Richard Raczuk For $9.25M

7886 Deering Avenue

See Similar Deals
Industrial35,000 SF
Sold
Jonathan Lee
David Hoffberg
Roy Harel
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$264
Total Square Footage:35000 SF
Transaction Type:Sale

A industrial property located at 7886 Deering Ave. in San Fernando Valley has been sold in a recent transaction. The property spans 35,000 square feet and sits on 1.64 acres of land. The sale price for the property was $9,250,000, resulting in a price per square foot of $264.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,250,000
  • Address: 7886 Deering Ave.
  • Market: San Fernando Valley
  • Size: 35,000 square feet
  • Price per Square Foot: $264
  • Acres: 1.64

The buyer in this transaction was Fortress, while the seller was Richard Raczuk. The deal was facilitated by Roy Harel and Jonathan Lee of Nublock Partners, along with David Hoffberg of Delphi.

Players

Roy Harel
Nublock Partners
Roy Harel
19 deals$431.1M volume
BROKER
David Hoffberg
David Hoffberg
5 deals$27.4M volume(818) 917-2505
BROKER
Jonathan Lee
Jonathan Lee
8 deals$142.1M volume
BROKER
Fortress Investment Group
Fortress Investment Group
BUYER
RR
Richard Raczuk
2 deals$17.3M volume
SELLER
Fortress Investment Group
Fortress Investment Group
LENDER

Details

SOLD
IMAGE: Roy Harel & Jonathan Lee DATE: 07/05/2022 ADDRESS: 7886 Deering Ave. MARKET: San Fernando Valley ASSET TYPE: Industrial BUYER: Fortress SELLER: Richard Raczuk BROKERS: Roy Harel (@RoyHarel310) & Jonathan Lee (@SimpleeJonathan) - Nublock Partners (@NublockPartners) & David Hoffberg - Delphi SALE PRICE: $9,250,000 SF: 35,000 ~ PPSF: $264 ACRES: 1.64

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$493,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63