Ramin Shahzad Purchases Industrial Property From Shirin Moghadam For $4.93M In Sun Valley

The property asset involved in the transaction is located at 11132 Fleetwood Street, Sun Valley, CA 91352. This industrial property spans approximately 18,043 square feet, situated on a 33,376 square foot lot and is zoned M1. The sale price for the property was $4,925,000, resulting in a price per square foot of $272.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,925,000
• Buyer: Ramin Shahzad
• Seller: Shirin Moghadam
• Sale Price: $4,925,000
• Square Footage: 18,043 SF
• Lot Size: 33,376 SF
• Current CAP Rate: 2.58%
• Broker Representatives: Ethan Donel, Alex Reyhan & Daniel Hirth - The Hirth Group
• Negotiated Short-Term Seller Carry: Yes
• Generated Multiple Offers: Yes
• Units in Complex: Eleven (11)

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group represented the seller and identified the buyer in this transaction. They structured a short-term seller carry-back to provide the seller with passive income while assisting the buyer with renovations and repositioning of the asset. This reflects The Hirth Group’s commitment to comprehensive services, engaging with tenants to secure estoppels and working closely with legal counsel on loan documentation.