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Chance Horky, Harrison Sheinberg & Daniel Chiprut Acquire Industrial Property From Alton Butler For $5.25M

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SOLD
$5,250,000

California

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Industrial9,794 SF
Sold 02/13/2026
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Property Image
SOLD

Chance Horky, Harrison Sheinberg & Daniel Chiprut Acquire Industrial Property From Alton Butler For $5.25M

800 Seward Street

See Similar Deals
Industrial9,794 SF
Sold 02/13/2026
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$536
Total Square Footage:9,794 SF
Transaction Type:Sale

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

Nicole Mihalka
11 deals$29.6M volume(323) 788-3969
BROKER

Daniel Chiprut
Commercial Asset Group
4 deals$40.7M volume
BROKER

George Stavaris
JLL
1 deal$5.3M volume(818) 429-9412
BROKER

Daniel Chiprut
Commercial Asset Group
4 deals$40.7M volume
BUYER

Details

SOLD
IMAGE: Nicole Mihalka, George Stavaris & Daniel Chiprut DATE: 02/13/2026 ADDRESS: 800 Seward Street MARKET: Los Angeles ASSET TYPE: Industrial BUYER: Chance Horky, Harrison Sheinberg (@Interwoven_Studios) & Daniel Chiprut SELLER: Alton Butler BROKERS: Nicole Mihalka (@TheBrokerNicole) - CBRE (@CBRE); George Stavaris - JLL (@JLL); Daniel Chiprut (@DanielChiprut) - Commercial Asset Group SALE PRICE: $5,250,000 SF: 9,794 ~ PPSF: $536

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

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14