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Robert Gantman & Valarie Pena-Gantman Acquire 2,012 SF Property On Ventura Boulevard For $2.7M

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SOLD
$2,700,000

California

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Office2,012 SF
Sold 11/21/2018
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Property Image
SOLD

Robert Gantman & Valarie Pena-Gantman Acquire 2,012 SF Property On Ventura Boulevard For $2.7M

15464 Ventura Boulevard, Sherman Oaks, CA, USA

See Similar Deals
Office2,012 SF
Sold 11/21/2018
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,341
Total Square Footage:2,012 SF
Transaction Type:Sale

The property located at 15464 Ventura Boulevard has been sold in a transaction that closed on November 21, 2018, as per the Instagram post by Elizabeth Clark & Sayeh Foroutan. The seller, Randall T Wallace Family, transferred the property to the buyers, Robert Gantman & Valarie Pena-Gantman, for a total price of $2,700,000. The property measures 2,012 square feet, resulting in a price per square foot of $1,342.

Summary of transaction details

  • Property Type: Sale
  • Transaction Amount: $2,700,000

Ash Joshi from Capital Realty Solutions represented the seller, Randall T Wallace Family, during the transaction. On the other hand, Elizabeth Clark @lalaclark4 & Sayeh Foroutan @sayehforoutan @compasscalifornia Commercial served as the buyer representatives.

Players

Sayeh Foroutan
10 deals$17.2M volume
BROKER

Ash Joshi
1 deal$2.7M volume
BROKER

Elizabeth Clark
Kidder Mathews
58 deals$181.6M volume(310) 740-7283
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Elizabeth Clark & Sayeh Foroutan DATE: 11/21/2018 ADDRESS: 15464 Ventura Boulevard SELLER: Randall T Wallace Family BUYER: Robert Gantman & Valarie Pena-Gantman BROKERS: Ash Joshi - Capital Realty Solutions (Seller's Rep.), Elizabeth Clark @lalaclark4 & Sayeh Foroutan @sayehforoutan @compasscalifornia Commercial (Buyer Rep.) PRICE: $2,700,000 SF: 2,012 ~ PPSF: $1,342

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53