Andy Hendricks And Andrew Aiken Of Baranof Holdings Acquire Industrial Site In Hollywood For $28M

An industrial site spanning 1.29 acres was sold for a transaction amount of $28,000,000 at 956 Seward Street located in the Hollywood market. The site is set to host a seven-story Class A self-storage and temperature-controlled film/media storage facility with a total area of 168,000 square feet. The purchase price translates to $167 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,000,000
• Address: 956 Seward Street
• Market: Hollywood
• Acres: 1.29
• Building Size in Square Feet: 168,000
• Price per Square Foot: $167
• Buyer: Andy Hendricks & Andrew Aiken - Baranof Holdings
• Broker: Martin McDermott - Method Commercial

Baranof Holdings, represented by Andy Hendricks and Andrew Aiken, acquired the property through their broker Martin McDermott. The acquisition aims to address Los Angeles' undersupplied self-storage market while maintaining Hollywood’s media storage infrastructure. This positions Baranof to meet growing demand amid limited local land and increased housing density.