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22222 Sherman Way

Jackline Saadian Purchases Canoga Park Office From John Janaus And Klaus Koch For $4.5M
SOLDRetail

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

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

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