Frank Mushmel Of Mushmel Properties Acquires Retail Asset In Sherman Oaks For $11.23M
14651 Ventura Boulevard
$11,225,000
$451/SF
Building Size
24,890 SF
Asset Type
Retail
Closing
May 29, 2026
AI
The asset involved in this transaction is a retail property located at 14651 Ventura Boulevard in Sherman Oaks. It was sold for a price of $11,225,000, encompassing a total square footage of 24,890. The price per square foot is $450.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,225,000
- Address: 14651 Ventura Boulevard
- Market: Sherman Oaks
- Square Footage: 24,890
- Price Per Square Foot: $450
- Buyer: Frank Mushmel & Mushmel Properties
- Buyer's Representative: Lior Regenstreif - Marcus & Millichap
- Seller's Representatives: Matthew Mousavi & Patrick Luther - SRS Real Estate Partners
This transaction involved key individuals and companies, including the buyer Frank Mushmel who represents Mushmel Properties, and the buyer's representative Lior Regenstreif from Marcus & Millichap. The seller was represented by Matthew Mousavi and Patrick Luther from SRS Real Estate Partners, indicating their involvement in facilitating the sale.
Players
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93