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6950 Tujunga Avenue, North ...

Bridge Industrial Acquires Industrial Property In North Hollywood For $32.8M
SOLDIndustrial

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

Paul Sims

Cushman & Wakefield

Broker

$117.8M

vol

2 deals

Broker
Bridge Industrial
Bridge IndustrialBrokerage
Bridge Industrial
Bridge IndustrialBuyer

Greg Woolway

Bridge Industrial

Buyer

$32.8M

vol

2 deals

Buyer

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