Colliers International Brokers Sell Canoga Park Retail Property For $14.4M
SOLD
$14,430,000
California
See Similar DealsRetail141,464 SF
Sold 05/02/2022
SOLD
Colliers International Brokers Sell Canoga Park Retail Property For $14.4M
21555 Roscoe Boulevard, Canoga Park, California 91304, United States
See Similar DealsRetail141,464 SF
Sold 05/02/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$102
Total Square Footage:141,464 SF
Transaction Type:Sale
Reza Ghobadi and Jared Papazian of Colliers International represented both parties in the sale of a retail property located at 21555 Roscoe Blvd. in Canoga Park. The property, spanning 141,464 square feet, was sold for $14,430,000 at a price per square foot of $102.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,430,000
- Address: 21555 Roscoe Blvd.
- Market: Canoga Park
- Brokers: Reza Ghobadi & Jared Papazian - Colliers International
- Square Footage: 141,464
- Price per Square Foot: $102
The deal involved Reza Ghobadi and Jared Papazian of Colliers International. They played a pivotal role in representing both the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$769,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,266.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,405.56
Annual Debt Service$820,866.74
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