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14342 Victory Blvd, Van Nuy...

Suri Properties LLC Acquires Medical Office In Van Nuys For $1.4M
SOLDOffice

Suri Properties LLC Acquires Medical Office In Van Nuys For $1.4M

14342 Victory Blvd, Van Nuys, CA, USA

$1,400,000

$499/SF

Building Size

2,804 SF

Asset Type

Office

Closing

Apr 19, 2021

AI

A medical office located at 14342 Victory Blvd in Van Nuys has been sold. The property was purchased by Suri Properties LLC from the Balderrama Family Trust. The transaction took place on April 20, 2021. The property was listed for sale at an asking price of $1,400,000 and was sold for the same amount. The medical office spans 2,804 square feet, resulting in a price per square foot of $499.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $1,400,000

The buyer, Suri Properties LLC, was represented by Blayne Pacelli. The seller, Balderrama Family Trust, was represented by Josh Yaris, Brad Wetherby, Martin Agnew, and Ryan Serling of the Agnew Serling Group.

Players

Martin Agnew

Marcus & Millichap

Broker

$453.4M

vol

125 deals

Broker
T
TrustSeller

Los Angeles 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93