Harry Bennett Acquires Industrial Asset In North Hollywood For $2.4M

5358 Cartwright Avenue, an industrial property located in North Hollywood, was sold for $2,400,000. The asset spans 4,950 square feet, translating to a price per square foot of $485. The transaction involved a bidding war that led to the property being sold at the full listing price, with the buyer, Harry Bennett, completing the purchase within 20 days with an all-cash offer.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,400,000
• Address: 5358 Cartwright Avenue
• Market: North Hollywood
• Square Footage: 4,950
• Buyer: Harry Bennett
• Seller: Behrouz Pourbaba
• Buyer's Rep: Tina LaMonica - NAI Global
• Seller's Rep: Ethan Donel, Daniel Hirth, & Alex Reyhan - The Hirth Group
• Asking Price: $2,400,000
• Sale Price: $2,400,000
• Price Per Square Foot: $485

The Hirth Group, represented by Ethan Donel, Daniel Hirth, and Alex Reyhan, successfully closed the deal for 5358 Cartwright Avenue. The rapid sale process included a 5-day due diligence period, a 20-day closing timeline, and a notable $250,000 non-refundable pass-through. The property's prime location in the North Hollywood Arts District attracted significant interest, resulting in a swift and competitive transaction.