Turner Impact Capital Purchases Retail Asset On Nordhoff Street In Northridge For $6.7M
19478 Nordhoff Street
$6,700,000
$400/SF
Building Size
16,750 SF
Asset Type
Retail
Closing
Mar 28, 2025
AI
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.
Players
Northridge 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93