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6865 Vineland Avenue, North...

Eduard Karabet Acquires Industrial Property In North Hollywood For $3.5M
SOLDIndustrial

Eduard Karabet Acquires Industrial Property In North Hollywood For $3.5M

6865 Vineland Avenue, North Hollywood, CA 91605

$3,475,000

$298/SF

Building Size

11,648 SF

Asset Type

Industrial

Closing

Jul 30, 2020

AI

Located at 6865 Vineland Ave in North Hollywood, this industrial property was recently sold in a transaction closed on July 30, 2021. The property spans across 11,648 square feet, with a sale price of $3,475,000, resulting in a price per square foot of $298.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,475,000
  • Address: 6865 Vineland Ave
  • Market: North Hollywood

The buyer of the property was Eduard Karabet. On the other hand, Thom Vandenberg and Cynthia Kelley acted as the sellers. The sale was facilitated by the representation of Chase Cohen, David Schatz, Martin Agnew, and Ryan Serling.

Players

David Schatz

Marcus & Millichap

Broker

$20.4M

vol

8 deals

Broker

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

4.56%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93