Yair Haimoff & Barry Jakov Of Spectrum Commercial Real Estate Facilitate Sale Of Office In Van Nuys For $1.85M
SOLD
$1,850,000
California
See Similar DealsOffice4,351 SF
Sold 09/10/2024
SOLD
Yair Haimoff & Barry Jakov Of Spectrum Commercial Real Estate Facilitate Sale Of Office In Van Nuys For $1.85M
14530 Hamlin Street
See Similar DealsOffice4,351 SF
Sold 09/10/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$425
Total Square Footage:4,351 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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