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6177 Van Nuys Blvd, Van Nuy...

David Issapour Acquires Office Building In Van Nuys From Susman Family Trust For $1.5M
SOLDOffice

David Issapour Acquires Office Building In Van Nuys From Susman Family Trust For $1.5M

6177 Van Nuys Blvd, Van Nuys, CA 91401, USA

$1,500,026

$208/SF

Building Size

7,195 SF

Asset Type

Office

Closing

Oct 12, 2020

AI

An office building located at 6177 Van Nuys Blvd in Van Nuys has been sold. The transaction was completed on October 13, 2020. The seller of the property was the Susman Family Trust, while the buyer was David Issapour. The deal was facilitated by brokers Klyvia Iha, Ryan Serling, and Martin Agnew from the Agnew Serling Group.

Summary of Transaction Details

  • Property Type: Office
  • Sale Price: $1,500,026
  • Square Footage: 7,195
  • Price Per Square Foot: $208
  • Address: 6177 Van Nuys Blvd
  • Market: Van Nuys

David Issapour acquired the office property from the Susman Family Trust in this transaction. The property spans a total area of 7,195 square feet and was sold at a price of $1,500,026, resulting in a price per square foot of $208. The sale was completed with the assistance of Klyvia Iha, Ryan Serling, and Martin Agnew from the Agnew Serling Group.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93