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19301 Ventura Boulevard, Ta...

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

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

19301 Ventura Boulevard, Tarzana, California 91356, United States

$3,400,000

$333/SF

Building Size

10,185 SF

Asset Type

Retail

Closing

Apr 3, 2022

AI

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

Marcus & Millichap

Broker

$167.2M

vol

19 deals

Broker

Mehran Nia

Seller

$18.6M

vol

4 deals

Seller

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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93