Raymer 3 LLC Purchases Industrial Building In North Hollywood For $9.79M With Brokers Daniel O'Neil, Parker Jones And Chad Gahr
13030 Raymer Street
$9,790,000
$326/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Feb 25, 2025
AI
A 30,000 square foot industrial building located at 13030 Raymer Street in North Hollywood has been sold for $9,790,000. The property will serve as the new corporate headquarters for Tiptop Restoration Inc.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $9,790,000
- Address: 13030 Raymer Street
- Market: North Hollywood
- Square Footage: 30,000
- Price Per Square Foot: $326
- Seller: 13030 Raymer LLC
- Seller's Representative: Chad Gahr - NAI Capital Commercial
- Buyer's Representative: Daniel O'Neil & Parker Jones - Rancho Realty Group
Tiptop Restoration Inc. acquired the property from 13030 Raymer LLC with Chad Gahr from NAI Capital Commercial acting as the seller's representative, while Daniel O'Neil and Parker Jones from Rancho Realty Group represented the buyer in this transaction.
Players
North Hollywood 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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93