Updated Oct 28, 2024
Ryan Manoocheri & Rodney Emrani Sell Industrial/Recording Studio In North Hollywood For $2.8M
7315 Atoll Ave, North Hollywood, CA, USA
$2,800,000
$269/SF
Building Size
10,400 SF
Asset Type
Industrial
Closing
May 6, 2021
About this deal
AI
An industrial/recording studio located at 7315 Atoll Ave. in North Hollywood has been sold for $2,800,000. The property spans 10,400 square feet, resulting in a price per square foot of $269.
Summary of transaction details
- Property Type: Industrial/Recording Studio
- Transaction Amount: $2,800,000
- Address: 7315 Atoll Ave.
- Market: North Hollywood
- Seller: Ryan Manoocheri & Rodney Emrani (@EmraniAssociates)
The sellers, Ryan Manoocheri and Rodney Emrani from Emrani Associates, expressed interest in acquiring opportunistic or value-add industrial or commercial properties.
The industrial sale at 7315 Atoll Ave, North Hollywood, CA, USA in North Hollywood, California sold for $2.8M in 2021. The building is 10,400 square feet, implying about 269 per square foot on the published price. Named participants on the 7315 Atoll Ave, North Hollywood, CA, USA sale are Rodney Emrani, Ryan Manoocheri. This page is the North Hollywood, California file for the 7315 Atoll Ave, North Hollywood, CA, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same North Hollywood sit in the Market section below. Filter that North Hollywood industrial set by closing date to see what else sold near 7315 Atoll Ave, North Hollywood, CA, USA around 2021. Published consideration for 7315 Atoll Ave, North Hollywood, CA, USA is $2.8M, dated 2021. Cite this Ryan Manoocheri & Rodney Emrani Sell Industrial/Recording Studio In North Hollywood For $2.8M sale when underwriting similar industrial product around North Hollywood, California.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93