Updated Dec 19, 2023
Avraham Shafshak Acquires Retail Property In Northridge From Shahin Kashani For $5.45M
19456 Nordhoff Street, Northridge, California 91324, United States
$5,450,000
$413/SF
Building Size
13,175 SF
Asset Type
Retail
Closing
Apr 10, 2022
About this deal
AI
The retail property located at 19456 Nordhoff St. in Northridge has been sold for a price of $5,450,000. The property spans 13,175 square feet, resulting in a price per square foot of $414. The transaction took place on April 11, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,450,000
- Address: 19456 Nordhoff St.
- Market: Northridge
- Buyer: Avraham Shafshak
- Seller: Shahin Kashani
- Brokers: Brandon Michaels & Matthew Luchs - The Brandon Michaels Group
The deal was facilitated by Brandon Michaels and Matthew Luchs from The Brandon Michaels Group, who represented both the buyer, Avraham Shafshak, and the seller, Shahin Kashani. This transaction marks the successful sale of the retail property in Northridge.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93