Barak Amar Acquires Retail Property From Michael Orwitz In Tarzana For $2.15M

The property involved in the transaction is a retail asset located at 18635-18639 Ventura Boulevard in the Tarzana market. The sale price was $2,150,000, and the property encompasses 3,286 square feet, translating to a price per square foot of $654. At the time of sale, the property was 50% occupied, with the buyer planning to occupy the vacant unit.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,150,000
• Square Footage: 3,286
• Price per Square Foot: $654
• Buyer: Barak Amar
• Seller: Michael Orwitz
• Broker Representatives: Martin Agnew, Ryan Rothstein-Serling, Joshua Yaris & Hannah Zager - Agnew | Serling Group - Marcus & Millichap

The deal involved multiple brokers representing both the buyer and the seller, showcasing collaboration within the Agnew | Serling Group at Marcus & Millichap. The presence of a fully occupied unit indicates potential for immediate operational cash flow, while the buyer's intent to occupy adds a layer of engagement with the property.