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13201 Saticoy Street

Updated Dec 22, 2025

Raffi Kitsinian Acquires Industrial Property In North Hollywood For $6.25M With Broker Sarkis Kitsinian
SOLDIndustrial

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.

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$6,252,600

$339/SF

Industrial

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Players

Jonathan Krikorian

IREA

Broker

$70.5M

vol

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North Hollywood Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $339 per square foot on a published $6.3M for 18,436 square feet (2025).

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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

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