Marcus & Millichap Sells 8,400 SF Van Nuys Office Building For $3.95M With Brokers Ryan Serling, Martin Agnew & Chase Cohen
16115 Vanowen Street
$3,950,000
$470/SF
Building Size
8,400 SF
Asset Type
Office
Closing
Aug 30, 2022
AI
An office property located at 16115 Vanowen St in Van Nuys has been sold in a closed transaction. The property spans 8,400 square feet and was sold for a price of $3,950,000, resulting in a price per square foot of $470.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,950,000
- Address: 16115 Vanowen St
- Market: Van Nuys
- Buyer: Dr. Payam Marouni
- Seller: Azmina Kanji, Leon Kupferwasser, and Munaf Shamji
- Brokers: Martin Agnew, Ryan Serling, and Chase Cohen - Marcus & Millichap
The sellers are Azmina Kanji, Leon Kupferwasser, and Munaf Shamji. The deal was represented by Martin Agnew, Ryan Serling, and Chase Cohen from Marcus & Millichap.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93