MIG Commercial Real Estate Services Facilitates $2.2M Sale Of Industrial Property In North Hollywood
SOLD
$2,195,000
California
See Similar DealsIndustrial7,300 SF
Sold 03/05/2021
SOLD
MIG Commercial Real Estate Services Facilitates $2.2M Sale Of Industrial Property In North Hollywood
7317 Ethel Ave, North Hollywood, CA, USA
See Similar DealsIndustrial7,300 SF
Sold 03/05/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$300
Total Square Footage:7,300 SF
Transaction Type:Sale
Located in North Hollywood, the industrial property at 7317 Ethel Ave was recently sold for $2,195,000. This off-market opportunity was sourced for the client by Alex Matevosian from KW Commercial and Matevosian Investment Group. Spanning 7,300 square feet, the property was sold at a price per square foot of $300.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,195,000
- Address: 7317 Ethel Ave
- Market: North Hollywood
The deal was facilitated by KW Commercial and Matevosian Investment Group, representing the buyer in this transaction. MIG Commercial Real Estate Services, the client's real estate agency, specializes in sourcing and closing deals, going the extra mile to achieve results for their clients.
For more up-to-date deals and industry news, visit MIG Commercial Real Estate Services at http://www.migcres.com.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,798.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,405.42
Annual Debt Service$124,865.04
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