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6634 Valjean Avenue, Van Nu...

Van Nuys Office Building Sold For $3.85M By Chase Choen, Ryan Serling, Martin Agnew, Edward Zadeh, & David Papazian
SOLDOffice

Van Nuys Office Building Sold For $3.85M By Chase Choen, Ryan Serling, Martin Agnew, Edward Zadeh, & David Papazian

6634 Valjean Avenue, Van Nuys, CA 91406, USA

$3,850,000

$239/SF

Building Size

16,048 SF

Asset Type

Office

Closing

Feb 12, 2019

AI

An office building located at 6634 Valjean Avenue in Van Nuys has been sold for $3.85 million. The property spans 16,048 square feet, resulting in a price per square foot of $239.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3.85 million
  • Address: 6634 Valjean Avenue
  • Market: Van Nuys
  • Square Footage: 16,048
  • Price per Square Foot: $239

The sale was facilitated by an experienced team of brokers, including Chase Choen, Ryan Serling, Martin Agnew, Edward Zadeh, and David Papazian.

Players

Martin Agnew

Marcus & Millichap

Broker

$442.8M

vol

121 deals

Broker

Van Nuys 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

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93