Turner Impact Capital Purchases Retail Asset On Nordhoff Street In Northridge For $6.7M
SOLD
$6,700,000
California
See Similar DealsRetail16,750 SF
Sold 03/28/2025
SOLD
Turner Impact Capital Purchases Retail Asset On Nordhoff Street In Northridge For $6.7M
19478 Nordhoff Street
See Similar DealsRetail16,750 SF
Sold 03/28/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$400
Total Square Footage:16,750 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 19478 Nordhoff Street, Northridge. The sale price for this asset was $6,700,000, with a total square footage of 16,750, resulting in a price per square foot of $400.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,700,000
- Address: 19478 Nordhoff Street
- Market: Northridge
- Buyer: Turner Impact Capital
- Broker: Gabe Kadosh - Colliers
- Square Footage: 16,750
- Price Per Square Foot: $400
Turner Impact Capital is the buyer in this transaction, while Gabe Kadosh from Colliers represented the seller. This interaction illustrates the active role of brokerage services in facilitating property sales in the Northridge market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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