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8045 Woodley Avenue, Van Nu...

Cushman & Wakefield Brokers Facilitate $85M Sale Of Central San Fernando Valley Industrial Complex
SOLDIndustrial

Cushman & Wakefield Brokers Facilitate $85M Sale Of Central San Fernando Valley Industrial Complex

8045 Woodley Avenue, Van Nuys, California 91406, United States

$85,000,000

$1,016/SF

Building Size

83,600 SF

Asset Type

Industrial

Closing

Apr 17, 2022

AI

The industrial property located at 8045 Woodley Ave. & 16320, 16300, 16141, 16251 & 16201 Raymer St. in Central San Fernando Valley has been sold in a recent transaction. The property spans across 13.43 acres and is characterized by its industrial use.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $85,000,000
  • Square Footage: 83,600 SF
  • Price per Square Foot: $1,016
  • Date: 04/18/2022
  • Market: Central San Fernando Valley

The deal was facilitated by Erik Larson, Paul Sims, Robin Dodson, Jeff Chiate, and Mike Adey of Cushman & Wakefield. They represented the parties involved in the transaction.

Players

Mike Adey

Cushman & Wakefield

Broker

$1.3B

vol

18 deals

Broker

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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93