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
5,822 SF
Asset Type
Office
Closing
Jul 22, 2025
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.
Players
Pacoima Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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