5/1/2009

Van Nuys retail property fetches $1.61M

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A private investor has purchased a 11,770 square-foot retail property located in Van Nuys, Calif., for $1.61 million.

Tony Azzi, an investment specialist in the West Los Angeles office of Marcus & Millichap, represented both parties in the transaction.

Located at 14917 Delano St., the building was constructed in 1988 and fetched a price-per-square foot of $165.68.

Address: 14917 Delano Street, Van Nuys, Calif.

Size: 11,770 square feet

Built: 1988

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Filed Under: Retail

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