Updated Dec 22, 2025
Raffi Kitsinian Acquires Industrial Property In North Hollywood For $6.25M With Broker Sarkis Kitsinian
13201 Saticoy Street
$6,252,600
$339/SF
Building Size
18,436 SF
Asset Type
Industrial
Closing
Dec 16, 2025
About this deal
AI
This industrial property located at 13201 Saticoy Street in North Hollywood was sold for $6,252,600. The asset encompasses two freestanding buildings with a total area of approximately 18,436 square feet situated on a 17,690 square foot lot. The front building is available for owner-user occupancy, while the rear building generates income through short-term tenants and a cell tower lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,252,600
- Address: 13201 Saticoy Street
- Market: North Hollywood
- Square Footage: 18,436
- Price Per Square Foot: $339
- Buyer: Raffi Kitsinian
- Seller: Nadia Shamsi
- Buyer's Representative: Sarkis Kitsinian - Franco Realty Group Inc.
- Seller's Representative: Jonathan Krikorian - IREA
The transaction was financed through an SBA loan, allowing the buyer to acquire the property with a low down payment. Notably, the rear building enhances the property's value by providing passive income through its tenant arrangements and the cell tower lease.
On the Map
$6,252,600
$339/SF
Industrial
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North Hollywood 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93