Josh Yeager And Jason Tuvia Of Marcus & Millichap Sell Office Building In Reseda For $4.575M

A sale transaction for an office property in Reseda has been completed. The property, located at 19340 Wyandotte St., was sold for a price of $4,575,000. The transaction took place on January 31, 2019. The office building consists of 20 units, with each unit valued at approximately $228,750. The total area of the property is 26,503 square feet, resulting in a price per square foot of $172.62. The Gross Rent Multiplier (GRM) for this transaction is 12.93, and the Capitalization Rate (CAP RATE) is 4.27%. The sale was facilitated by brokers Josh Yeager and Jason Tuvia from Marcus & Millichap.

In summary, this office property in Reseda was sold for $4,575,000. It includes 20 units, with each unit valued at around $228,750. The total area of the property is 26,503 square feet, and the price per square foot is approximately $172.62. The Gross Rent Multiplier (GRM) is 12.93, and the Capitalization Rate (CAP RATE) is 4.27%. The sale was handled by brokers Josh Yeager and Jason Tuvia from Marcus & Millichap.

The successful completion of this transaction showcases the expertise and professionalism of brokers Josh Yeager and Jason Tuvia from Marcus & Millichap. Their knowledge of the Reseda market and dedication to their clients contributed to the smooth sale of this office property.