George Sarkissian Acquires Industrial Property At 7569 Woodman Place From Jeffrey Silberman For $2.35M

This transaction involves a sale of an industrial asset located at 7569 Woodman Place, Van Nuys, CA 91405. The building measures approximately 7,192 square feet and is situated on a corner lot of roughly 19,510 square feet, with the zoning classification of LAMR2. The sale price for the property was $2,350,000, which corresponds to a price per square foot of $326.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,350,000
• Address: 7569 Woodman Place
• Market: Van Nuys
• Building Size: 7,192 SF
• Lot Size: 19,510 SF
• Price per Square Foot: $326
• Buyer: George Sarkissian
• Seller: Jeffrey Silberman
• Brokers: Ethan Donel, Alex Reyhan, and Daniel Hirth - The Hirth Group
• Note: The Hirth Group represented both seller and buyer

Ethan Donel, Alex Reyhan, and Daniel Hirth, representatives from The Hirth Group, facilitated the transaction. The team successfully navigated a challenging market, attracting strong buyer interest and ensuring a seamless closing process. Noteworthy highlights included hands-on involvement throughout escrow, resolution of last-minute insurance hurdles, and the buyer's plans to establish a high-end recycling center while the seller expands to an Atlanta facility.