Jeh Meyer Acquires Canoga Park Retail Property For $4.5M
21035 Sherman Way
$4,500,000
$193/SF
Building Size
23,220 SF
Asset Type
Retail
Closing
Apr 19, 2023
AI
The retail property located at 21035 Sherman Way in Canoga Park has been sold in a recent transaction. The property spans an area of 23,220 square feet and was sold for a price of $4,500,000, which equates to a price per square foot of $194. The property was listed with an asking price of $4,500,090. The transaction took place on April 19, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 21035 Sherman Way, Canoga Park
- Square Footage: 23,220
- Market: Canoga Park
Jeh Meyer purchased the property from Devraj Keray. George Crawford from Kidder Mathews represented Jeh Meyer as the buyer's representative in the deal. On the seller's side, Blas Fernandez and Brian Vu, both from Blas Property Group - Keller Williams, represented Devraj Keray.
Players
Market 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93