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14444 Ventura Boulevard

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

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

14444 Ventura Boulevard & 14446 Ventura Boulevard

$3,925,000

$331/SF

Building Size

11,840 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

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

Broker

$450M

vol

123 deals

Broker
Robert Miller

Robert Miller

Seller

$100.2M

vol

6 deals

Seller

Sherman Oaks 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

4.04%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93