Steve Chapin Acquires Industrial Property In North Hollywood From Gary Kelley For $2.1M

The property at 13228-13224 Sherman Way in North Hollywood is an industrial asset that was sold for $2,100,000. The building spans 9,120 square feet, resulting in a price per square foot of $230. At the time of the sale, the property had extensive fire damage and deferred maintenance, alongside multiple non-paying tenants occupying the building.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $2,100,000
• Square Footage: 9,120
• Price Per Square Foot: $230
• Buyer: Steve Chapin
• Seller: Gary Kelley
• Brokers: Martin Agnew & Ryan Rothstein-Serling - Agnew | Serling Group - Marcus & Millichap

Martin Agnew and Ryan Rothstein-Serling represented both the buyer and the seller in this transaction. Their collaborative efforts led to the successful completion of the sale despite the property's challenging condition and tenant issues.