Updated Oct 29, 2024
Chapin Affiliated LLC Acquires Industrial Property In North Hollywood For $5.5M
7415 Fulton Ave, North Hollywood, CA, USA
$5,535,000
$233/SF
Building Size
23,728 SF
Asset Type
Industrial
Closing
Mar 10, 2021
About this deal
AI
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.
On the Map
$5,535,000
$233/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
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93