facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Sale

/

17060 Devonshire Street, No...

Updated Oct 28, 2024

Bilt advertisement
GM Elite Auto Repair Acquires Retail Property In Northridge From Levaton Family Trust For $2.4M With Broker Darren Casamassima
SOLDRetail

GM Elite Auto Repair Acquires Retail Property In Northridge From Levaton Family Trust For $2.4M With Broker Darren Casamassima

17060 Devonshire Street, Northridge, California 91325, United States

$2,400,000

$600/SF

Building Size

3,999 SF

Asset Type

Retail

Closing

Jan 27, 2022

About this deal

AI

The retail property located at 17060 Devonshire Street, Northridge, CA 91325 in Los Angeles has been sold. The property spans a total square footage of 3,999. The sale took place on January 28, 2022, and the buyer is GM Elite Auto Repair. The seller of the property is the Levaton Family Trust. The transaction was facilitated by brokers Darren Casamassima and David Kaufman from Lee & Associates LA North. The sale price for the property was $2,400,000, resulting in a price per square foot of $600.

Summary of transaction details

David Kaufman and Darren Casamassima, representing Lee & Associates LA North, played a crucial role in facilitating the sale of the retail property. Their expertise and efforts helped ensure a successful transaction between the buyer, GM Elite Auto Repair, and the seller, Levaton Family Trust.

Players

Darren Casamassima

Lee & Associates

Broker

$94.6M

vol

16 deals

Broker
T
TrustSeller

Northridge Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Deal FAQ

About $600 per square foot on a published $2.4M for 3,999 square feet (2022).

Visit David Kaufman to view all their deals.

Browse California retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets