Updated Sep 5, 2024
MIG Commercial Real Estate Services Facilitates $2.2M Sale Of Industrial Property In North Hollywood
7317 Ethel Ave, North Hollywood, CA, USA
$2,195,000
$300/SF
Building Size
7,300 SF
Asset Type
Industrial
Closing
Mar 4, 2021
About this deal
AI
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.
On the Map
$2,195,000
$300/SF
Industrial
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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
7.23%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93