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
Van Nuys 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93