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
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