Artak Dovlatyan Of Specialized Realty Represents Buyer In $25 Million Retail Sale In Sherman Oaks
SOLD
$25,000,000
California
See Similar DealsRetail49,966 SF
Sold 04/03/2026
SOLD
Artak Dovlatyan Of Specialized Realty Represents Buyer In $25 Million Retail Sale In Sherman Oaks
13333 Riverside Drive
See Similar DealsRetail49,966 SF
Sold 04/03/2026
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$500
Total Square Footage:49,966 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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