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14553 Delano Street

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

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

14553 Delano Street

$3,680,000

$185/SF

Building Size

19,840 SF

Asset Type

Office

Closing

Feb 16, 2024

AI

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

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

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

4.31%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93