Orion Business Park, LLC Acquires Industrial Property In Van Nuys For $17M
SOLD
$17,000,000
California
See Similar DealsIndustrial48,394 SF
Sold 03/28/2023
SOLD
Orion Business Park, LLC Acquires Industrial Property In Van Nuys For $17M
8101-8117 Orion Avenue
See Similar DealsIndustrial48,394 SF
Sold 03/28/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$351
Total Square Footage:48,394 SF
Transaction Type:Sale
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 Orion Business Park, LLC, while the seller is Rexford Industrial Realty, LP. The deal was facilitated by Erica Balin and Scott Caswell from Lee & Associates.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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