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800 Seward Street

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

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

Nicole Mihalka

CBRE

Broker

$29.6M

vol

11 deals

Broker
Daniel Chiprut

Daniel Chiprut

Commercial Asset Group

Buyer

$40.7M

vol

4 deals

Buyer

Los Angeles 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93