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Ahron Zilberstein Acquires Office Space On Delano Street For $3.68M

Property Image
SOLD
$3,680,000

California

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Office19,840 SF
Sold 02/16/2024
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Property Image
SOLD

Ahron Zilberstein Acquires Office Space On Delano Street For $3.68M

14553 Delano Street

See Similar Deals
Office19,840 SF
Sold 02/16/2024
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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:

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.

Players

Jake Zacuto
59 deals$368.6M volume(310) 469-9012
BROKER

Leor Binshtock
Zacuto Group
25 deals$169M volume
BROKER

Benjamin (Benji) Gribnau
Zacuto Group
13 deals$46.9M volume
BROKER

Details

SOLD
IMAGE: Leor Binshtock, Benjamin Gribnau, Jake Zacuto DATE: 02/16/2024 ADDRESS: 14553 Delano Street MARKET: Van Nuys ASSET TYPE: Office BUYER: Ahron Zilberstein SELLER: Christopher Mathys BROKERS: Benjamin Gribnau (@BenjiMichaelz), Jake Zacuto (@JakeZacuto) & Leor Binshtock (@Leor_s_b) - Zacuto Group (@ZacutoGroup) SALE PRICE: $3,680,000 SF: 19,840 ~ PPSF: $185

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Deal Type
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