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
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