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Jeh Meyer Acquires Canoga Park Retail Property For $4.5M

Property Image
SOLD
$4,500,000
Brian vu

California

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Retail23,220 SF
Sold 04/19/2023
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Property Image
SOLD

Jeh Meyer Acquires Canoga Park Retail Property For $4.5M

21035 Sherman Way

See Similar Deals
Retail23,220 SF
Sold 04/19/2023
Brian vu
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$193
Total Square Footage:23,220 SF
Transaction Type:Sale

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

Blas Fernandez
33 deals$88.5M volume(818) 319-9191
BROKER

Brian vu
Keller Williams Realty
6 deals$21.7M volume(818) 913-8819
BROKER

Details

SOLD
IMAGE: Brian Vu & Blas Fernandez DATE: 04/19/2023 ADDRESS: 21035 Sherman Way MARKET: Canoga Park ASSET TYPE: Retail BUYER: Jeh Meyer SELLER: Devraj Keray BUYER'S REP: George Crawford - Kidder Mathews (@Kidder.Mathews) SELLER'S REP: Blas Fernandez (@Agentblas) & Brian Vu (@Brianvure) - Blas Property Group - Keller Williams (@BlasPropertyGroup) ASKING PRICE: $4,500,090 SALE PRICE: $4,500,000 SF: 23,220 ~ PPSF: $194 .

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55