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just CLOSED!

18934 VENTURA BOULEVARD, TARZANA, CA 91356

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SALE PRICE: $5,000,000

 

MULTI-TENANT RETAIL BUILDING​

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group are proud to announce the successful closing of 18934 Ventura Boulevard, Tarzana, CA 91356! This asset consists of three large retail storefronts along Ventura Boulevard, boasting approximately ±9,480 square feet of building on a corner lot of ±28,266 square feet.


It’s important to note that prior to The Hirth Group’s involvement, the property was listed with a different firm local in San Fernando Valley for an entire year without success. Before taking the property to market, our agents identified several significant hurdles: a grossly underperforming asset, a significant amount of vacancy, and unfavorable leases for the landlord. Recognizing these challenges, our agents leveraged their market expertise and extensive network to secure multiple offers from investors and owner-users. Our agents also negotiated with the buyer to cover commissions for both the seller’s and buyer’s agents, significantly enhancing the seller’s net proceeds.


Ultimately, Ethan Donel, Alex Reyhan, and Daniel Hirth closed the transaction at $5,000,000 or $527 per SF, representing a current CAP rate just shy of 2%. The buyer was all cash with a 21 day due diligence and a 26 day close

More

Sale Achieved Under a 2% Current CAP Rate

contact

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Ethan Donel

Senior Associate

310.300.3179 Direct

Ethan@HirthGroup.com

License CA: 02059315

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Alex Reyhan

Vice President

310.300.3181 Direct

Alex@HirthGroup.com

License CA: 02005428

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Daniel Hirth

Managing Director

310.300.2838 Direct

Daniel@HirthGroup.com

License CA: 01515796

The sale

Attracted Multiple Offers
Prime Three-Unit Retail Center on Ventura Blvd
21-Day Due Diligence | 26-Day Close | All-Cash Transaction
Negotiated Buyer to pay broker commissions
Facilitated Seller's Avoidance of Measure ULA Sales Tax
Represented Seller
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