Updated Dec 18, 2023
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
About this deal
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.
On the Map
$3,800,000
$243/SF
Retail
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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