Updated May 7, 2026
Artak Dovlatyan Of Specialized Realty Represents Buyer In $25 Million Retail Sale In Sherman Oaks
13333 Riverside Drive
$25,000,000
$500/SF
Building Size
49,966 SF
Asset Type
Retail
Closing
Apr 3, 2026
About this deal
AI
The retail asset located at 13333 Riverside Drive in the Sherman Oaks market was involved in a sale transaction. The sale price for the property was $25,000,000, totaling approximately 49,966 square feet, which results in a price per square foot of $500.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,000,000
- Address: 13333 Riverside Drive
- Market: Sherman Oaks
- Square Footage: 49,966
- Price Per Square Foot: $500
- Buyer's Representative: Artak Dovlatyan - Specialized Realty
Artak Dovlatyan represented the buyer in this transaction. His role facilitated the acquisition, highlighting the involvement of Specialized Realty in the process.
Sherman Oaks 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93