Updated Sep 5, 2024
Business Finance Capital CDC Provides $3.06M Loan For Sherman Oaks Retail Property
13960 Ventura Blvd Sherman Oaks, CA 91423, USA
$3,060,000
$411/SF
Building Size
7,440 SF
Asset Type
Retail
Closing
May 12, 2023
About this deal
AI
A retail property located at 13960 Ventura Blvd in Sherman Oaks/SFV has been sold in a closed transaction. The property spans 7,440 square feet and was acquired for $3,400,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,400,000
- Loan Amount: $3,060,000
- Loan Type: Acquisition Loan
The lender involved in this transaction was Lee Kleinman from Business Finance Capital CDC. The landlord of the property is Antranik Kopalian. The broker who represented the parties in this deal was Dean Cutler from Illi Commercial Real Estate.
On the Map
$3,060,000
$411/SF
Retail
View full map
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit illi Commercial Real Estate to view all their deals.
Browse Los Angeles retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93