Updated Sep 9, 2024
Ernie Vallorano Purchases Industrial Property In North Hollywood For $2.5M
10929 Chandler Blvd, North Hollywood, CA 91601, USA
$2,500,000
$416/SF
Building Size
6,000 SF
Asset Type
Industrial
Closing
Dec 10, 2020
About this deal
AI
A 6,000 square foot industrial property located at 10929 Chandler Blvd in North Hollywood has recently been sold for $2,500,000. The property was listed by Blas Fernandez and the sale was finalized on 12/11/2020. The buyer, Ernie Vallorano, purchased the property from the seller, Paul Jamieson, at the same price as the asking price.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 10929 Chandler Blvd, North Hollywood
- Listing Broker: Blas Fernandez
- Buyer: Ernie Vallorano
- Seller: Paul Jamieson
- Square Footage: 6,000
- Price per Square Foot: $416
This sale transaction was successfully facilitated by Blas Fernandez, the broker representing both the buyer and the seller. The property, located in the North Hollywood market, offers great value with its 6,000 square feet of space. Both parties agreed on a sale price of $2,500,000, which translates to a price of $416 per square foot.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93