Updated Feb 16, 2024
Nicholas Sewitz Acquires Industrial Property In San Fernando Valley For $9.9M
7950 Woodley Avenue, Van Nuys, California 91406, United States
$9,872,000
$380/SF
Building Size
25,920 SF
Asset Type
Industrial
Closing
Jun 5, 2022
About this deal
AI
The industrial property located at 7950 Woodley Ave in San Fernando Valley has been sold for a total of $9,872,000. The property spans 28,860 square feet and was sold at a price per square foot of $342.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $9,872,000
- Address: 7950 Woodley Ave
- Market: San Fernando Valley
The buyer of the property was Nicholas Sewitz, while the seller was William Giamela. David Leibowitz from Investment Real Estate Associates represented the buyer, and Ron Feder from Peak Commercial Real Estate represented the seller in the transaction.
On the Map
$9,872,000
$380/SF
Industrial
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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
1.61%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93