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7630 Densmore Ave, Van Nuys...

David Uyesugi Acquires Office Building In Van Nuys For $3.2M
SOLDOffice

David Uyesugi Acquires Office Building In Van Nuys For $3.2M

7630 Densmore Ave, Van Nuys, CA, USA

$3,275,000

$231/SF

Building Size

14,141 SF

Asset Type

Office

Closing

Aug 6, 2020

AI

An office property located at 7630 Densmore Ave in Van Nuys has been sold in a transaction. The property spans 14,141 square feet and was sold at a price of $3,275,000, resulting in a price per square foot of $231.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,275,000
  • Property Address: 7630 Densmore Ave, Van Nuys
  • Market: Van Nuys
  • Seller: Deborah Carver
  • Buyer: David Uyesugi
  • Seller's Representative: Chase Cohen, Ryan Serling, Martin Agnew (AgnewSerlingGroup)
  • Buyer's Representative: Kevin Khojasteh - Eighty8-Compass
  • Square Footage: 14,141
  • Price per Square Foot: $231

The sale of this office property was facilitated by the sellers' representatives, Chase Cohen, Ryan Serling, and Martin Agnew of Agnew Serling Group, and the buyers' representative, Kevin Khojasteh from Eighty8-Compass.

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

4.84%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93