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Jamie Farias Acquires Retail Property On 19301 Ventura Blvd In Los Angeles For $3.4M

Property Image
SOLD
$3,400,000
James Debuiser

California

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Retail10,185 SF
Sold 04/04/2022
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Property Image
SOLD

Jamie Farias Acquires Retail Property On 19301 Ventura Blvd In Los Angeles For $3.4M

19301 Ventura Boulevard, Tarzana, California 91356, United States

See Similar Deals
Retail10,185 SF
Sold 04/04/2022
James Debuiser
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$333
Total Square Footage:10,185 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 19301 Ventura Blvd. in Los Angeles. The property spans 10,185 square feet with a price per square foot of $333. The sale took place on April 4, 2022, and the transaction amount was $3,400,000. The buyer of the property is Jamie Farias, while Mehran Nia is the seller. The deal was facilitated by James DeBuiser and Gary Cohen of Marcus & Millichap.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,400,000
  • Address: 19301 Ventura Blvd.
  • Market: Los Angeles
  • Buyer: Jamie Farias
  • Seller: Mehran Nia
  • Brokers: James DeBuiser & Gary Cohen - Marcus & Millichap
  • Square Footage: 10,185
  • Price per Square Foot: $333

The deal was completed by the collaborative efforts of James DeBuiser and Gary Cohen representing Marcus & Millichap. They played a crucial role in facilitating the transaction between buyer Jamie Farias and seller Mehran Nia. Their expertise and negotiation skills ensured a successful deal between the parties involved.

Players

Gary Cohen
19 deals$167.2M volume(818) 212-2250
BROKER

James Debuiser
Marcus & Millichap
18 deals$136.9M volume
BROKER

Details

SOLD
IMAGE: James DeBuiser & Gary Cohen DATE: 04/04/2022 ADDRESS: 19301 Ventura Blvd. MARKET: Los Angeles ASSET TYPE: Retail BUYER: Jamie Farias SELLER: Mehran Nia BROKERS: James DeBuiser (@JamesJDeBuiser) & Gary Cohen (@GarySea22) - Marcus & Millichap (@MarcusMillichapVentura) SALE PRICE: $3,400,000 SF: 10,185 ~ PPSF: $333

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82