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GD Realty Group Acquires Retail Property In Sherman Oaks For $10.75M

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SOLD
$10,750,000

California

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Retail13,280 SF
Sold 03/13/2020
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Property Image
SOLD

GD Realty Group Acquires Retail Property In Sherman Oaks For $10.75M

14612 Ventura Boulevard, Sherman Oaks, CA 91403, USA

See Similar Deals
Retail13,280 SF
Sold 03/13/2020
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$809
Total Square Footage:13,280 SF
Transaction Type:Sale

The retail property located at 14612 Ventura Blvd in Sherman Oaks has been sold for $10,750,000. The transaction took place on 03/13/2020. The property spans a total of 13,280 square feet, with a price per square foot of $809.49. It consists of 2 units, and the price per unit was $5,375,000. The buyer of the property was GD Realty Group, while the seller was Westside Properties. The deal was facilitated by brokers David Aschkenasy and Greg Eckhardt.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,750,000
  • Address: 14612 Ventura Blvd
  • Market: Sherman Oaks
  • Square Footage: 13,280
  • Price Per Square Foot: $809.49
  • Units: 2
  • Price Per Unit: $5,375,000
  • Buyer: GD Realty Group
  • Seller: Westside Properties
  • Brokers: David Aschkenasy & Greg Eckhardt

This transaction represented a significant sale in the Sherman Oaks market. The involvement of brokers David Aschkenasy and Greg Eckhardt highlights their expertise in facilitating high-value retail property transactions in the area.

Players

David Aschkenasy
8 deals$54.1M volume
BROKER


BUYER

Details

SOLD
IMAGE: @DavidAschkenasy DATE: 03/13/2020 ADDRESS: 14612 Ventura Blvd MARKET: Sherman Oaks ASSET TYPE: Retail PRICE: $10,750,000 SF: 13,280 PPSF: $809.49 UNITS: 2 PPU: $5,375,000 BUYER: GD Realty Group SELLER: Westside Properties BROKERS: David Aschkenasy & Greg Eckhardt

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

$573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81