Updated Dec 21, 2023
Rami Maz Acquires Retail Condo In Reseda For $9.3M
6416 Tampa Avenue, Reseda, CA, USA
$9,300,000
$654/SF
Building Size
14,200 SF
Asset Type
Retail
Closing
Mar 5, 2020
About this deal
AI
A retail condo located at 6416 Tampa Ave in Reseda has been sold for $9,300,000. The property spans 14,200 square feet, resulting in a price per square foot of $654.93. The transaction took place on 03/06/2020 and involved the buyer, Rami Maz, and the seller, John Magel.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $9,300,000
- Square Footage: 14,200
- Price per Square Foot: $654.93
- Address: 6416 Tampa Ave
- Market: Reseda
The deal was facilitated by brokers Brandon Michaels and Lior Regenstreif.
Tarzana Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $654 per square foot on a published $9.3M for 14,200 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93