Updated Dec 20, 2023
Colliers International Brokers Sell Canoga Park Retail Property For $14.4M
21555 Roscoe Boulevard, Canoga Park, California 91304, United States
$14,430,000
$102/SF
Building Size
141,464 SF
Asset Type
Retail
Closing
May 1, 2022
About this deal
AI
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.
Players
Canoga Park 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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93