Marcus & Millichap Sells Industrial Asset At 21300 Vanowen Street Canoga Park For $16.3M
SOLD
$16,300,000
California
See Similar DealsIndustrial50,000 SF
Sold 02/28/2025
SOLD
Marcus & Millichap Sells Industrial Asset At 21300 Vanowen Street Canoga Park For $16.3M
21300 Vanowen Street
See Similar DealsIndustrial50,000 SF
Sold 02/28/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$326
Total Square Footage:50,000 SF
Transaction Type:Sale
The asset involved in the transaction is an industrial property located at 21300 Vanowen Street in Canoga Park. The sale price for this property was $16,300,000, encompassing a total area of 50,000 square feet, which results in a price per square foot of $326.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,300,000
- Address: 21300 Vanowen Street
- Market: Canoga Park
- Square Footage: 50,000
- Price Per Square Foot: $326
- Brokers: Joshua Cohan & Ari Greene - Marcus & Millichap
Joshua Cohan and Ari Greene represented the transaction through their brokerage, Marcus & Millichap, ensuring the deal was facilitated effectively within the market framework.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$869,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,910.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,270.32
Annual Debt Service$927,243.79
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