Suri Properties LLC Acquires Medical Office In Van Nuys For $1.4M
SOLD
$1,400,000
+ 2
California
See Similar DealsOffice2,804 SF
Sold 04/20/2021
SOLD
Suri Properties LLC Acquires Medical Office In Van Nuys For $1.4M
14342 Victory Blvd, Van Nuys, CA, USA
See Similar DealsOffice2,804 SF
Sold 04/20/2021
+ 2
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$499
Total Square Footage:2,804 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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