Jackline Saadian Purchases Canoga Park Office From John Janaus And Klaus Koch For $4.5M
22222 Sherman Way
$4,500,000
$204/SF
Building Size
22,044 SF
Asset Type
Retail
Closing
Jun 26, 2024
AI
The property involved in this transaction is an office asset located at 22222 Sherman Way in Canoga Park. The transaction was completed on June 25, 2024, for a total sale price of $4,500,000, with a total square footage of 22,044, resulting in a price per square foot of $204.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 22222 Sherman Way
- Market: Canoga Park
- Sale Date: 6/25/2024
- Square Feet: 22,044
- Price Per Square Foot: $204
- Buyer: Jackline Saadian
- Seller: John Janaus & Klaus Koch
- Seller's Representative: Brandon Michaels & Steven Schechter - Marcus & Millichap
The deal was facilitated by Brandon Michaels and Steven Schechter, who represented the sellers in this transaction. The involvement of Marcus & Millichap as the brokerage firm indicates a professional management of the sales process, assisting the sellers in securing the transaction effectively.
Players
Canoga Park 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93