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Thursday, Dec 8, 2022
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Small Van Nuys Office Building Sells for $1.3 Million

A 4,500-square-foot office building in Van Nuys has sold in an all-cash deal for $1.3 million, or $288.89 per square foot, according to brokerage CREI. Karl Niehaus of CREI acted as both the buyer’s agent and listing agent for the property at 14518-14520 Erwin St. According to CoStar Group, Asaf Glazer of Beverly Hills purchased the property from the Feuerman 1999 Family Trust. The building was constructed in 1923. According to CREI, the building was sold along with the neighboring property for redevelopment.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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