Harkham Family Acquires Industrial Property In Hollywood For $21.9M
1110 Seward Street, Los Angeles, California 90038, United States
$21,850,000
$358/SF
Building Size
61,000 SF
Asset Type
Industrial
Closing
Feb 16, 2022
AI
The industrial property located at 1110 Seward St. in Hollywood has been sold for a total of $21,850,000. The transaction took place on February 17, 2022, with the buyer being the Harkham Family and the seller being Mader Inc. The property spans over 61,000 square feet, resulting in a price per square foot of $358.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,850,000
- Address: 1110 Seward St.
- Market: Hollywood
The deal was facilitated by the brokers John Aguilar, Andrew Perris, and Gabe Rudner of Aegis Management Inc.
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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93