Updated Dec 2, 2024
Acquires Industrial Property In Van Nuys For $17M
8101-8117 Orion Avenue
$17,000,000
$351/SF
Building Size
48,394 SF
Asset Type
Industrial
Closing
Mar 28, 2023
About this deal
AI
The industrial property at 8101-8117 Orion Avenue in Van Nuys has been sold for $17,000,000. The property covers a total area of 48,394 square feet, resulting in a price per square foot of $351. The transaction took place on 03/28/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $17,000,000
- Address: 8101-8117 Orion Avenue, Van Nuys
- Market: Van Nuys
The buyer of the property is , while the seller is Rexford Industrial Realty, LP. The deal was facilitated by Erica Balin and Scott Caswell from Lee & Associates.
On the Map
$17,000,000
$351/SF
Industrial
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Players
Market 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93