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439 North Maclay Avenue

Gowhar Iravani Purchases Office Asset From Norma Duque For $1.5M In San Fernando
SOLDOffice

Gowhar Iravani Purchases Office Asset From Norma Duque For $1.5M In San Fernando

439 North Maclay Avenue

$1,500,000

$334/SF

Building Size

4,481 SF

Asset Type

Office

Closing

Jan 8, 2026

AI

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

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

San Fernando 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93