Bridge Industrial Acquires Industrial Property In North Hollywood For $32.8M
6950 Tujunga Avenue, North Hollywood, California 91605, United States
$32,800,000
$309,434/SF
Building Size
106 SF
Asset Type
Industrial
Closing
Feb 15, 2023
AI
An industrial property located at 6950 North Tujunga Avenue in North Hollywood has been sold for a total price of $32,800,000. The property spans across 5 acres and offers a total square footage of 106,526. This transaction was conducted by Bridge Industrial, represented by Heather Crossner and Greg Woolway, with the assistance of broker Paul Sims from Cushman & Wakefield.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $32,800,000
- Address: 6950 North Tujunga Avenue
- Market: North Hollywood
- Acres: 5
Bridge Industrial, composed of Heather Crossner and Greg Woolway, acted as the buyer in this transaction. They were represented by Paul Sims from Cushman & Wakefield, who facilitated the deal on their behalf.
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93