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7126 Reseda Boulevard, Rese...

Fred Josef Acquires Retail Property On Reseda Blvd For $3.8M
SOLDRetail

Fred Josef Acquires Retail Property On Reseda Blvd For $3.8M

7126 Reseda Boulevard, Reseda, California 91335, United States

$3,800,000

$243/SF

Building Size

15,619 SF

Asset Type

Retail

Closing

Feb 22, 2022

AI

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.

Players

Chris Comfort

Broker

$108.5M

vol

14 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93