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13500 Van Nuys Boulevard

Updated Aug 1, 2025

Dr. Kevin Thomas Acquires Office Properties In Pacoima And Winnetka For $3.295M
SOLDOffice

Dr. Kevin Thomas Acquires Office Properties In Pacoima And Winnetka For $3.295M

13500 Van Nuys Boulevard & 20434 Sherman Way

$3,295,000

$566/SF

Building Size

1,907 SF

Asset Type

Office

Closing

Jul 22, 2025

About this deal

AI

The property asset involved in this transaction consists of two office buildings located at 13500 Van Nuys Boulevard and 20434 Sherman Way in the Pacoima and Winnetka markets. The sale price for the transaction was $3,295,000. The building on Van Nuys Boulevard has a total square footage of 1,907 square feet, translating to a price per square foot of $652.86. The building on Sherman Way offers 3,915 square feet, which corresponds to a price per square foot of $523.63.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,295,000
  • Address: 13500 Van Nuys Boulevard & 20434 Sherman Way
  • Market: Pacoima & Winnetka
  • Buyer: Dr. Kevin Thomas
  • Seller: Marc Mitchell
  • Seller's Representative: Ryan Rothstein-Serling, Hannah Zager & Martin Agnew - Agnew | Serling Group - Marcus & Millichap

The transaction was facilitated by three representatives from Agnew | Serling Group under Marcus & Millichap, highlighting the collaborative effort by Ryan Rothstein-Serling, Hannah Zager, and Martin Agnew to effectively represent the seller, Marc Mitchell, in the sale of the office assets. The involvement of these agents underscores the professional engagement associated with the transaction.

On the Map

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$3,295,000

$566/SF

Office

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Players

Martin Agnew

Marcus & Millichap

Broker

$458.1M

vol

128 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
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Pacoima Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $566 per square foot on a published $3.3M for 5,822 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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