Ahron Zilberstein Acquires Office Space On Delano Street For $3.68M
SOLD
California
See Similar DealsOffice19,840 SF
Sold 02/16/2024
SOLD
Ahron Zilberstein Acquires Office Space On Delano Street For $3.68M
14553 Delano Street
See Similar DealsOffice19,840 SF
Sold 02/16/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$185
Total Square Footage:19,840 SF
Transaction Type:Sale
The office located at 14553 Delano Street in Van Nuys was sold for $3,680,000. The property spans 19,840 square feet, resulting in a price per square foot of $185.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,680,000
- Address: 14553 Delano Street
- Market: Van Nuys
- Buyer: Ahron Zilberstein
- Seller: Christopher Mathys
- Brokers: Benjamin Gribnau, Jake Zacuto & Leor Binshtock - Zacuto Group
The deal was facilitated by the brokers Benjamin Gribnau, Jake Zacuto, and Leor Binshtock from Zacuto Group, representing the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$196,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,074.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,445.08
Annual Debt Service$209,340.93
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