Gowhar Iravani Purchases Office Asset From Norma Duque For $1.5M In San Fernando
SOLD
$1,500,000
California
See Similar DealsOffice4,481 SF
Sold
SOLD
Gowhar Iravani Purchases Office Asset From Norma Duque For $1.5M In San Fernando
439 North Maclay Avenue
See Similar DealsOffice4,481 SF
Sold
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$334
Total Square Footage:4481 SF
Transaction Type:Sale
The property involved in this transaction is an office space located at 439 North Maclay Avenue in the San Fernando market. The sale price for this asset was $1,500,000, encompassing a total square footage of 4,481, which results in a price per square foot of $334.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,500,000
- Address: 439 North Maclay Avenue
- Market: San Fernando
- Square Footage: 4,481
- Price per Square Foot: $334
- Buyer: Gowhar Iravani
- Seller: Norma Duque
- Brokers: Martin Agnew, Ryan Rothstein-Serling - Agnew | Serling Group - Marcus & Millichap; Brian Williams - Ashwill Associates
The transaction was facilitated by the brokers, Martin Agnew and Ryan Rothstein-Serling from Agnew | Serling Group - Marcus & Millichap, along with Brian Williams from Ashwill Associates, representing the respective parties throughout the sale process.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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