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
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