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

Property Image
SOLD
$925,000
Christian Hayes
Martin Agnew
+ 1

California

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Retail23,340 SF
Sold 06/25/2020
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Property Image
SOLD

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

14625 Victory Blvd, Van Nuys, CA 91411, USA

See Similar Deals
Retail23,340 SF
Sold 06/25/2020
Christian Hayes
Martin Agnew
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$39
Total Square Footage:23,340 SF
Transaction Type:Sale

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
119 deals$436.8M volume
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

Bradley (Brad) Wetherby
Marcus & Millichap
16 deals$32.4M volume
BROKER

Christian Hayes
SVN
2 deals$3.5M volume
BROKER

SELLER

Details

SOLD
IMAGE: Bradley Wetherby, Ryan Serling, Martin Agnew & Christian Hayes DATE: 06/25/2020 ADDRESS: 14625 Victory Blvd MARKET: Van Nuys ASSET TYPE: Retail PRICE: $925,000 SF: 2,334 PPSF: $396.32 BUYER: DK Victory 26, LLC SELLER: Lippert Family Trust BROKERS: Bradley Wetherby, Ryan Serling, Martin Agnew & Christian Hayes @AgnewSerlingGroup

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

$49,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,286.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,384.97
Annual Debt Service$52,619.66