Kalachi Enterprises Inc. Acquires Retail Property In Sherman Oaks For $1.95M
14416 Ventura Boulevard, Sherman Oaks, CA 91423, USA
$1,950,000
$805/SF
Building Size
2,420 SF
Asset Type
Retail
Closing
Oct 24, 2019
AI
A retail property located at 14416-14418 Ventura Blvd in Sherman Oaks has been sold for $1,950,000. The property spans a total of 2,420 square feet, resulting in a price per square foot of $805.79. The transaction took place on 10/25/2019.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,950,000
- Square Footage: 2,420
- Price Per Square Foot: $805.79
- Address: 14416-14418 Ventura Blvd, Sherman Oaks
- Market: Sherman Oaks
The buyer of the property was Kalachi Enterprises Inc., while the seller was California Car Hikers and Ventura Property Partners. The deal was facilitated by Justin Jacob, Klyvia Iha, Ryan Serling, and Martin Agnew from the Agnew Serling Group.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93