Chance Horky, Harrison Sheinberg & Daniel Chiprut Acquire Industrial Property From Alton Butler For $5.25M
800 Seward Street
$5,250,000
$536/SF
Building Size
9,794 SF
Asset Type
Industrial
Closing
Feb 13, 2026
AI
The property asset involved in the transaction is an industrial asset located at 800 Seward Street, Los Angeles. It was sold for $5,250,000, encompassing a total square footage of 9,794, which results in a price per square foot of $536.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,250,000
- Address: 800 Seward Street
- Market: Los Angeles
- Square Footage: 9,794
- Price per Square Foot: $536
- Buyer: Chance Horky, Harrison Sheinberg & Daniel Chiprut
- Seller: Alton Butler
- Brokers: Nicole Mihalka - CBRE; George Stavaris - JLL; Daniel Chiprut - Commercial Asset Group
The deal was facilitated by a team of brokers, including Nicole Mihalka representing CBRE, George Stavaris from JLL, and Daniel Chiprut associated with Commercial Asset Group. Their involvement helped to execute the transaction, connecting the buyer, Chance Horky, Harrison Sheinberg, and Daniel Chiprut with the seller, Alton Butler.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93