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14625 Victory Blvd, Van Nuy...

DK Victory 26, LLC Acquires Retail Property In Van Nuys For $925,000
SOLDRetail

DK Victory 26, LLC Acquires Retail Property In Van Nuys For $925,000

14625 Victory Blvd, Van Nuys, CA 91411, USA

$925,000

$39/SF

Building Size

23,340 SF

Asset Type

Retail

Closing

Jun 24, 2020

AI

A retail property located at 14625 Victory Blvd in Van Nuys has been sold for a price of $925,000. The property spans across 2,334 square feet and has a price per square foot of $396.32. The buyer of the property is DK Victory 26, LLC, while the seller is the Lippert Family Trust. The transaction was facilitated by brokers Bradley Wetherby, Ryan Serling, Martin Agnew, and Christian Hayes from the Agnew Serling Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $925,000
  • Address: 14625 Victory Blvd
  • Market: Van Nuys
  • Square Footage: 2,334
  • Price per Square Foot: $396.32
  • Buyer: DK Victory 26, LLC
  • Seller: Lippert Family Trust
  • Brokers: Bradley Wetherby, Ryan Serling, Martin Agnew, and Christian Hayes @AgnewSerlingGroup

The Agnew Serling Group, represented by Bradley Wetherby, Ryan Serling, Martin Agnew, and Christian Hayes, played a pivotal role in this transaction. Their expertise and professional guidance ensured the successful sale of the retail property located on Victory Blvd in Van Nuys. The involvement of DK Victory 26, LLC as the buyer and the Lippert Family Trust as the seller showcases the diverse individuals and entities contributing to the real estate market in this region.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker
T
TrustSeller

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

17.15%

Cash-on-Cash

-4.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93