Brandon Michaels Group, Matthew Luchs, And Steven Schechter Acquire Development Site In Reseda, West San Fernando Valley For $8.9M

18430 Sherman Way, a development site located in Reseda, West San Fernando Valley, was recently sold for a total of $8,900,000. This asset offers a great opportunity for new construction projects, with a potential of building 223 units. The price per buildable unit (PPBU) stands at $39,910.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $8,900,000
• Address: 18430 Sherman Way
• Market: Reseda, West San Fernando Valley
• Buildable Units: 223
• Price per Buildable Unit (PPBU): $39,910

The sale of this development site was brokered by Brandon Michaels from the Brandon Michaels Group, Matthew Luchs, and Steven Schechter. Their expertise and negotiation skills played a crucial role in finalizing this transaction. The deal was successfully closed on April 19, 2021.