Stepp Commercial Brokers $5.1M Sale Of 18-Unit Multifamily Property In Van Nuys

The multifamily property located at 14161-14163 Delano Street in Van Nuys has recently been sold in a closed transaction. The property consists of 18 units with a total square footage of 15,352. The sale price for the property was $5,100,000, resulting in a price per square foot of $332. The per unit price was $283,000, and the capitalization rate for the transaction was 4.92%. Mark Ventre and Darin Beebower from Stepp Commercial represented the transaction as the brokers.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,100,000
• Square Footage: 15,352
• Price per Square Foot: $332
• Number of Units: 18
• Price per Unit: $283,000
• Capitalization Rate: 4.92%

Mark Ventre and Darin Beebower from Stepp Commercial played a key role as the brokers in this transaction. They successfully represented the parties involved in the sale of the multifamily property located at 14161-14163 Delano Street in Van Nuys.