George Chilgevorkyan Acquires Retail Property In Van Nuys For $3.1M
SOLD
$3,100,000
+ 1
California
See Similar DealsRetail5,440 SF
Sold 09/21/2023
SOLD
George Chilgevorkyan Acquires Retail Property In Van Nuys For $3.1M
14723 Aetna Street
See Similar DealsRetail5,440 SF
Sold 09/21/2023
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$569
Total Square Footage:5,440 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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