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7352 Radford Avenue, North ...

Royalty Realty Enterprise Acquires Industrial Property In North Hollywood For $1.275M With Brokers David Schatz, Ryan Serling, Martin Agnew
SOLDIndustrial

Royalty Realty Enterprise Acquires Industrial Property In North Hollywood For $1.275M With Brokers David Schatz, Ryan Serling, Martin Agnew

7352 Radford Avenue, North Hollywood, CA, USA

$1,275,000

$299/SF

Building Size

4,264 SF

Asset Type

Industrial

Closing

Jun 30, 2019

AI

A 4,264 square-foot industrial property located at 7352 Radford Street in North Hollywood has been sold for $1,275,000. The property was purchased by Royalty Realty Enterprise, Inc from the J. William and Janice Minkler Trust. The transaction was facilitated by brokers David Schatz, Ryan Serling, and Martin Agnew from the Agnew Serling Group.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,275,000
  • Square Footage: 4,264
  • Price per Square Foot: $299.02
  • Address: 7352 Radford Street, North Hollywood
  • Market: North Hollywood

The sale occurred on 07/01/2019. Martin Agnew, David Schatz, and Ryan Serling represented the Agnew Serling Group in the transaction.

Players

David Schatz

Marcus & Millichap

Broker

$20.4M

vol

8 deals

Broker

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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93