Updated Dec 21, 2023
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
About this deal
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.
On the Map
$5,200,000
$317/SF
Retail
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Players
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