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16935 Vanowen St, Van Nuys,...

Aslam Hussain Acquires Retail Property In Van Nuys For $5.2M
SOLDRetail

Aslam Hussain Acquires Retail Property In Van Nuys For $5.2M

16935 Vanowen St, Van Nuys, CA, USA

$5,200,000

$317/SF

Building Size

16,374 SF

Asset Type

Retail

Closing

Jul 29, 2021

AI

The retail property located at 16935 Vanowen St in Van Nuys has been sold in a recent transaction. The property is comprised of 12 units with a total square footage of 16,374. The sale price for this asset was $5,200,000, resulting in a per unit price of $433,333. The price per square foot is estimated to be $317. The property is situated in the Van Nuys market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,200,000

In this deal, the buyer, Aslam Hussain, acquired the property from the seller, Steve McCoy. The transaction was facilitated by the brokers, Neema Ahadian and Iman Mossanen.

Players

Iman Mossanen

Marcus & Millichap

Broker

$77.4M

vol

15 deals

Broker

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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93