Updated Dec 21, 2023
March Parnprome Acquires Retail Property In Canoga Park For $6.8M
20900 Sherman Way, Canoga Park, CA, USA
$6,800,000
$273/SF
Building Size
24,877 SF
Asset Type
Retail
Closing
Oct 13, 2021
About this deal
AI
A retail property located at 7117 & 7127 Desoto Canoga Park & 20900-20914 Sherman Way in Canoga Park has been sold for a total of $6,800,000. The property spans approximately 24,877 square feet, resulting in a price per square foot of $273. The transaction took place on October 14, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,800,000
- Market: Canoga Park
- Address: 7117 & 7127 Desoto Canoga Park & 20900-20914 Sherman Way
The buyer of the property is March Parnprome, while the seller is Bill Strong. The deal was facilitated by brokers Brandon Michaels and Matthew Luchs from Marcus & Millichap.
Players
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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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93