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13311 Sherman Way

Steve Fabos Acquires North Hollywood Industrial Property For $6.3M
SOLD

Steve Fabos Acquires North Hollywood Industrial Property For $6.3M

13311 Sherman Way

Building Size

Asset Type

Closing

Sep 15, 2022

AI

The industrial property located at 13311 Sherman Way in North Hollywood has been sold in a transaction. The property spans approximately 21,784 square feet and was sold for a price of $6,300,000, resulting in a price per square foot of $289.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,300,000
  • Address: 13311 Sherman Way
  • Market: North Hollywood

Steve Fabos has acquired the property from Karine Kanimyan. Patrick Long from Stevenson Real Estate represented the buyer, while the seller was represented by Martin Agnew, Ryan Serling, and David Schatz from Agnew | Serling Group - Marcus & Millichap.

Players

Steve Fabos

Buyer

$6.3M

vol

2 deals

Buyer

Karine Kanimyan

Seller

$6.3M

vol

2 deals

Seller

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93