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HSR Management Inc Acquires Multi Family Property In Van Nuys For $19M

Property Image
SOLD
$19,000,000
Michael Sterman
+ 1

California

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MultiFamily88,394 SF
Sold 08/03/2018
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Property Image
SOLD

HSR Management Inc Acquires Multi Family Property In Van Nuys For $19M

7317 Haskell Avenue, Van Nuys, CA 91406, USA

See Similar Deals
MultiFamily88,394 SF
Sold 08/03/2018
Michael Sterman
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$214
Total Square Footage:88,394 SF
Transaction Type:Sale

The multi-family property located at 6537 Haskell Ave and 7317 Haskell Ave in Van Nuys has been sold for a total of $19,000,000. The property spans 88,394 square feet, resulting in a price per square foot of $214.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $19,000,000
  • Market: Van Nuys

The seller of the property is Lion Real Estate Group, represented by Mory Barak and Jeff Weller. The buyer, HSR Management Inc, was represented by Michael Sterman and Jeff Louks.

Note that additional information about this transaction is not available.

Players

Jeff Louks
33 deals$337.6M volume(310) 941-5899
BROKER

Michael Sterman
Marcus & Millichap
39 deals$307.7M volume(818) 943-2319
BROKER


Mory Barak
4 deals$19M volume
SELLER

Details

SOLD
IMAGE: Michael Sterman, Jeff Louks DATE: 08/03/2018 ADDRESS: 6537 Haskell Ave, 7317 Haskell Ave MARKET: Van Nuys ASSET TYPE: Multi Family SALE PRICE: $19,000,000 SF: 88,394 PPSF: $214 SELLER: Lion Real Estate Group - Mory Barak and Jeff Weller BUYER: HSR Management Inc - Joe Penner BROKERS: Michael Sterman, Jeff Louks

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,013,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32