Eli Cohen Purchases Office Building On Gilmore St In Van Nuys For $2.4M With Broker Adi Mizrahi
14557 Gilmore St, Van Nuys, CA, USA
$2,425,000
$197/SF
Building Size
12,311 SF
Asset Type
Office
Closing
Oct 17, 2019
AI
A 12,311 square foot office property located at 14557 Gilmore St in Van Nuys was recently sold for $2,425,000. The sale took place on 10/18/2019, with Adi Mizrahi representing both the buyer, Eli Cohen, and the seller, S. Jacoby and Michael Hertz. The transaction closed in the Van Nuys market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,425,000
- Address: 14557 Gilmore St
- Market: Van Nuys
- Buyer: Eli Cohen
- Seller: S. Jacoby and Michael Hertz
- Broker: Adi Mizrahi
The office property was sold for above the asking price, as noted in the transaction details.
Players
Los Angeles 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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93