Updated Dec 19, 2023
Spectrum Commercial Real Estate Inc. Brokers $7.5M Retail Sale In Sherman Oaks
5700 Van Nuys Boulevard, Van Nuys, California 91401, United States
$7,514,005
$207/SF
Building Size
36,246 SF
Asset Type
Retail
Closing
Jun 7, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 5700 Van Nuys Blvd. in Sherman Oaks. The property spans approximately 36,246 square feet and was sold for a price of $7,514,005, resulting in a price per square foot of $207.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,514,005
- Date: 06/08/2022
- Address: 5700 Van Nuys Blvd.
- Market: Sherman Oaks
- Asset Type: Retail
The transaction was facilitated by Yair Haimoff of Spectrum Commercial Real Estate Inc., who represented the buyer/seller/landlord/tenant in the deal.
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.11%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93