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1110 Seward Street, Los Ang...

Harkham Family Acquires Industrial Property In Hollywood For $21.9M
SOLDIndustrial

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

John Aguilar

Aegis Management

Broker

$31.4M

vol

3 deals

Broker

Harkham Family

Buyer

$357.4M

vol

8 deals

Buyer

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