Updated Dec 5, 2024
Yair Haimoff & Barry Jakov Of Spectrum Commercial Real Estate Facilitate Sale Of Office In Van Nuys For $1.85M
14530 Hamlin Street
$1,850,000
$425/SF
Building Size
4,351 SF
Asset Type
Office
Closing
Sep 10, 2024
About this deal
AI
The property asset involved in this transaction is an office space located at 14530 Hamlin Street in Van Nuys. The sale price was $1,850,000, encompassing an area of 4,351 square feet, which translates to a price per square foot of $425.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,850,000
- Address: 14530 Hamlin Street
- Market: Van Nuys
- Square Footage: 4,351
- Price Per Square Foot: $425
The transaction was facilitated by brokers Yair Haimoff and Barry Jakov, representing Spectrum Commercial Real Estate. Their involvement showcases the professional support in closing this deal.
Players
Van Nuys 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93