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Chapin Affiliated LLC Acquires Industrial Property In North Hollywood For $5.5M

Property Image
SOLD
$5,535,000
Greg Offsay
Jesse Knight
+ 3

California

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Industrial23,728 SF
Sold 03/11/2021
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Property Image
SOLD

Chapin Affiliated LLC Acquires Industrial Property In North Hollywood For $5.5M

7415 Fulton Ave, North Hollywood, CA, USA

See Similar Deals
Industrial23,728 SF
Sold 03/11/2021
Greg Offsay
Jesse Knight
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$233
Total Square Footage:23,728 SF
Transaction Type:Sale

The industrial property located at 7415-7419 Fulton Ave. in North Hollywood has been sold. The property covers an area of 23,728 square feet and is zoned as LAM2. The transaction took place on 03/11/2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,535,000
  • Price per Square Foot: $233
  • Market: North Hollywood

The buyer, Chapin Affiliated LLC, acquired the property from the seller, The Bulent Gulistan Trust. The sale was facilitated by Martin Agnew, Ryan Serling, and Chase Cohen of the gnewSerlingGroup, who represented the buyer. On the other hand, the seller was represented by Greg Offsay, Todd Nathanson, and Jesse Knight.

Players

Martin Agnew
119 deals$436.8M volume
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

Chase Cohen
Zacuto Group
13 deals$85.1M volume
BROKER

Greg Offsay
illi Commercial Real Estate
3 deals$12.2M volume
BROKER

Todd Nathanson
illi Commercial Real Estate
2 deals$8.6M volume
BROKER

Jesse Knight
illi Commercial Real Estate
1 deal$5.5M volume
BROKER

Details

SOLD
IMAGE: Chase Cohen @CCohen53, Martin Agnew @MartyAgnew, Ryan Serling @RyanRS14, Todd Nathanson @IlliCommercial, Jesse Knight @Jesse_A_Knight & Greg Offsay @GOffsay DATE: 03/11/2021 ADDRESS: 7415-7419 Fulton Ave. MARKET: North Hollywood ASSET TYPE: Industrial BUYER: Chapin Affiliated LLC SELLER: The Bulent Gulistan Trust BUYER’S REP: Martin Agnew @MartyAgnew, Ryan Serling @RyanRS14 & Chase Cohen @CCohen53 - @AgnewSerlingGroup SELLER’S REP: Greg Offsay @GOffsay, Todd Nathanson @IlliCommercial & Jesse Knight @Jesse_A_Knight SALE PRICE: $5,535,000 SF: 23,728 ~ PPSF: $233 ZONING: LAM2

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$295,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,664.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,238.72
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