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7950 Woodley Avenue, Van Nu...

Nicholas Sewitz Acquires Industrial Property In San Fernando Valley For $9.9M
SOLDIndustrial

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

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.

Players

David Leibowitz

IREA

Broker

$111.7M

vol

15 deals

Broker
Business Finance Capital
Business Finance CapitalLender

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