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8045 Vineland Avenue, Sun V...

Updated Dec 21, 2023

Brandon Michaels, Matthew Luchs, And Steven Schechter Facilitate $6.7M Retail Sale On Vineland Ave
SOLDRetail

Brandon Michaels, Matthew Luchs, And Steven Schechter Facilitate $6.7M Retail Sale On Vineland Ave

8045 Vineland Avenue, Sun Valley, CA, USA

$6,700,000

$181/SF

Building Size

36,915 SF

Asset Type

Retail

Closing

Apr 6, 2021

About this deal

AI

The retail property located at 8045 Vineland Ave in Sun Valley, East San Fernando Valley, has been sold for a price of $6,700,000. The transaction took place on April 7, 2021. The property spans an area of 36,915 square feet, resulting in a price per square foot of $181.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,700,000
  • Address: 8045 Vineland Ave, Sun Valley, East San Fernando Valley
  • Market: Sun Valley, East San Fernando Valley

Brandon Michaels, Matthew Luchs, and Steven Schechter were the brokers involved in facilitating this sale. They represented the parties in the transaction.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

Sun Valley Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $181 per square foot on a published $6.7M for 36,915 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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