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Mike Bardi Acquires Retail Property On Ventura Blvd In Sherman Oaks For $3.9M

Property Image
SOLD
$3,925,000
David Ghermezian
Ryan Rothstein-Serling
Martin Agnew
+ 3

California

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Retail11,840 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Mike Bardi Acquires Retail Property On Ventura Blvd In Sherman Oaks For $3.9M

14444 Ventura Boulevard

See Similar Deals
Retail11,840 SF
Sold
David Ghermezian
Ryan Rothstein-Serling
Martin Agnew
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$331
Total Square Footage:11840 SF
Transaction Type:Sale

The retail property located at 14444-14446 Ventura Blvd in Sherman Oaks has been sold for a price of $3,925,000. The property spans across 5,920 square feet, resulting in a price per square foot of $663.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,925,000
  • Address: 14444-14446 Ventura Blvd
  • Market: Sherman Oaks

Mike Bardi has acquired the property from the seller, Robert Miller. The buyer was represented by David Ghermezian and Jonathan Dadurian from Newmark. On the other hand, the seller was represented by Joshua Yaris, Martin Agnew, and Ryan Serling from the Agnew Serling Group at Marcus & Millichap.

Players

Martin Agnew
Marcus & Millichap
Martin Agnew
118 deals$430.6M volume
BROKER
Joshua (Josh) Yaris
Marcus & Millichap
Joshua Yaris
24 deals$57.6M volume(818) 212-2665
BROKER
Ryan Rothstein-Serling
Marcus & Millichap
Ryan Rothstein-Serling
121 deals$503.6M volume(818) 212-2725
BROKER
David Ghermezian
Newmark
David Ghermezian
9 deals$63M volume
BROKER
Jonathan Dadurian
Newmark
Jonathan Dadurian
1 deal$3.9M volume(310) 477-3800
BROKER
Robert Miller
Grubb Properties
Robert Miller
6 deals$100.2M volume
BROKER
Robert Miller
Robert Miller
6 deals$100.2M volume
SELLER
Robert Miller
Robert Miller
6 deals$100.2M volume
SELLER

Details

SOLD
IMAGE: Joshua Yaris, Martin Agnew, Ryan Serling, David Ghermezian & Jonathan Dadurian DATE: 11/20/2023 ADDRESS: 14444-14446 Ventura Blvd MARKET: Sherman Oaks ASSET TYPE: Retail BUYER: Mike Bardi SELLER: Robert Miller BUYER'S REP: David Ghermezian & Jonathan Dadurian - Newmark (@Newmark) SELLER'S REP: Joshua Yaris (@JoshYaris), Martin Agnew (@MartyAgnew) & Ryan Serling (@Ryanrs14) - Agnew Serling Group (@AgnewSerlingGroup) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,925,000 SF: 5,920 ~ PPSF: $663

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$209,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
Annual Debt Service$223,278.03