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10/11/16
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We’ve got a couple of recent retail sales comps from the San Fernando Valley to report. Both deals were brokered, at least in part, by Yubin Tao with Investment Real Estate Associates.
In the larger transaction, a 35.3k sf retail property in Van Nuys traded for $13 mil, or $368/sf. The property is located at 16105-16153 Victory Blvd, a few blocks west of the 405 Fwy. Tao represented the buyer, a private family trust, and the seller, a private investment firm.
In the other deal, a 2.5k sf, single-tenant property in Studio City sold for $3.65 mil, or $1,460/sf. Built in 1949, the building is located at 12103 Ventura Blvd, at the intersection with Laurel Canyon Blvd.
Tao repped the seller, a private LLC. The buyer, also a private LLC, was represented by Alexander Koustas, at The December Company.
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