facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

14723 Aetna Street

George Chilgevorkyan Acquires Retail Property In Van Nuys For $3.1M
SOLDRetail

George Chilgevorkyan Acquires Retail Property In Van Nuys For $3.1M

14723 Aetna Street

$3,100,000

$569/SF

Building Size

5,440 SF

Asset Type

Retail

Closing

Sep 21, 2023

AI

The retail property located at 14723 Aetna Street in Van Nuys was recently sold. The property spans 5,440 square feet and was sold for a price of $3,100,000, with an asking price of $2,800,000. The price per square foot is approximately $570.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,100,000
  • Address: 14723 Aetna Street
  • Market: Van Nuys

The buyer of the property is George Chilgevorkyan, while the seller is Woodland National Mortgage Inc, represented by Vini Francis. The transaction was facilitated by Brandon Michaels, Matthew Luchs, Steven Schechter, and Eli Appel, who are the brokers from Marcus & Millichap.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker
Eli Appel
Verified Badge

Eli Appel

Equity Union Real Estate

Broker

$38.7M

vol

8 deals

Broker

Van Nuys Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93