Updated Dec 21, 2023
Haik Vartanyan Acquires Industrial Property In North Hollywood For $1.6M
5527 Satsuma Avenue, North Hollywood, CA, USA
$1,625,000
$406/SF
Building Size
4,000 SF
Asset Type
Industrial
Closing
Dec 27, 2020
About this deal
AI
An industrial property located at 5527 Satsuma Avenue in North Hollywood has been sold for a price of $1,625,000. The property spans over an area of 4,000 square feet, resulting in a price per square foot of $406. The transaction took place on December 28, 2020.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,625,000
- Address: 5527 Satsuma Avenue
- Market: North Hollywood
- Buyer: Haik Vartanyan
- Seller: Michael Vandemore
- Brokers: @EthanDonel, @Alex_Reyhan & Daniel Hirth @HirthGroup
The deal was facilitated by brokers Ethan Donel, Alex Reyhan, and Daniel Hirth from the Hirth Group. They represented the buyer and seller in the transaction, ensuring a successful sale of the industrial property.
Players
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93