Fred Josef Acquires Retail Property On Reseda Blvd For $3.8M
SOLD
$3,800,000
California
See Similar DealsRetail15,619 SF
Sold 02/23/2022
SOLD
Fred Josef Acquires Retail Property On Reseda Blvd For $3.8M
7126 Reseda Boulevard, Reseda, California 91335, United States
See Similar DealsRetail15,619 SF
Sold 02/23/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$243
Total Square Footage:15,619 SF
Transaction Type:Sale
Located at 7126 Reseda Blvd. in the San Fernando Valley, this retail property was recently sold for a price of $3,800,000. The asset spans a total area of 15,619 square feet, resulting in a price per square foot of $243. The transaction took place on February 23, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Address: 7126 Reseda Blvd.
- Market: San Fernando Valley
- Buyer: Fred Josef
- Seller: Yuval Stelmach
- Broker: Chris Comfort - Apex Properties
The buyer, Fred Josef, acquired the property from the seller, Yuval Stelmach. Representing the buyer in this transaction was Chris Comfort from Apex Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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