Aslam Hussain Acquires Retail Property In Van Nuys For $5.2M
SOLD
$5,200,000
California
See Similar DealsRetail16,374 SF
Sold 07/30/2021
SOLD
Aslam Hussain Acquires Retail Property In Van Nuys For $5.2M
16935 Vanowen St, Van Nuys, CA, USA
See Similar DealsRetail16,374 SF
Sold 07/30/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$317
Total Square Footage:16,374 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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