Marcus & Millichap Brokers Sell Industrial Property On Radford Ave For $1.45M
7352 Radford Avenue
$1,450,000
Building Size
—
Asset Type
Industrial
Closing
Sep 9, 2022
AI
The property involved in the transaction is an industrial asset located at 7352 Radford Ave in North Hollywood. It has a sale price of $1,450,000 and covers an area of 4,264 square feet, resulting in a price per square foot of $340.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $1,450,000
- Address: 7352 Radford Ave
- Market: North Hollywood
- Square Footage: 4,264
- Price Per Square Foot: $340
- Buyer: Ty Knutson
- Seller: Kevin Yessen
- Brokers: Martin Agnew, Ryan Serling & David Schatz - Agnew Serling Team - Marcus & Millichap
The deal was facilitated by the Agnew Serling Team from Marcus & Millichap, with Martin Agnew, Ryan Serling, and David Schatz representing the interests of the parties involved in this transaction.
Players
Los Angeles 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93