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6443 Topanga Canyon Blvd, W...

Myer J. Sankary Acquires Retail Property In Woodland Hills, Warner Center For $7.65M
SOLDRetail

Myer J. Sankary Acquires Retail Property In Woodland Hills, Warner Center For $7.65M

6443 Topanga Canyon Blvd, Woodland Hills, CA, USA

$7,650,000

$2,115/SF

Building Size

3,616 SF

Asset Type

Retail

Closing

Oct 19, 2021

AI

Located at 6443 Topanga Canyon Blvd. in Woodland Hills, Warner Center, this retail property was recently sold in a transaction on October 19, 2021. The property spans approximately 3,616 square feet and was sold for a price of $7,650,000, resulting in a price per square foot of $2,115. The buyer of the property was Myer J. Sankary, while the sellers were Mary Yu Brown and Lily Yu. The sale was facilitated by the brokers Matthew Luchs, Brandon Michaels, Nicole Cottrell, and Steven Schechter from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,650,000
  • Date: 10/19/2021
  • Address: 6443 Topanga Canyon Blvd.
  • Market: Woodland Hills, Warner Center

Matthew Luchs, Brandon Michaels, Nicole Cottrell, and Steven Schechter, representing Marcus & Millichap, were instrumental in facilitating this transaction. The involvement of these brokers highlights their expertise in the retail market and their ability to assist buyers and sellers in achieving successful deals. The transaction not only showcases the value of the property but also illustrates the proficiency of the individuals and companies involved.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

Los Angeles 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

2.07%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93