19913 VENTURA BOULEVARD
WOODLAND HILLS, CA
The Hirth Group is pleased to announce another successful closing! 19913 Ventura Boulevard is located on the highly coveted thoroughfare of Ventura Boulevard in the San Fernando Valley! Ethan Donel, Alex Reyhan & Daniel Hirth represented both the buyer and seller in this transaction. Through our dynamic marketing platform we were able to procure nearly a dozen offers within the first two weeks of marketing. The team started a strategic marketing campaign amidst the peak of the Covid-19 pandemic and overcame the hurdle of retail businesses closed due to the pandemic. The asset consisted of 4 retail storefronts with Month to Month tenants. Ultimately, we sourced a non-contingent all cash buyer with a three business day close. The property traded at a sub 2.5% Cap Rate on current income.
SALE PRICE: $1,350,000
MULTI-TENANT RETAIL | PRIME WOODLAND HILLS LOCATION
Covid-19 Closing | Multiple Offers
Closed Escrow in 3 Business Days!
Non-Contingent Day 1 | $1.350 Million Passed through to Seller at Open of Escrow
Generated Multiple Offers within a Few Days of Marketing
All Cash Offer | Three Business Day Close | 2.44% CAP Rate
3,787 SF Building & 6,851 SF Lot | Excellent Parking in Rear
License CA: 02059315
Vice President Investments
License CA: 02005428
License CA: 01515796