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1010 North 20th Avenue

Flying Point Acquires Hollywood Industrial Asset For $3.25M
SOLDIndustrial

Flying Point Acquires Hollywood Industrial Asset For $3.25M

1010 North 20th Avenue

$3,250,000

$177/SF

Building Size

18,339 SF

Asset Type

Industrial

Closing

Nov 3, 2023

AI

An industrial property located at 1010 North 20th Avenue in Hollywood has been sold for $3,250,000. The property has a building size of 18,339 square feet and a price per square foot of $177. The land size is 45,342 square feet, with a price per square foot of $72.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,250,000
  • Building Size: 18,339 sqft
  • Price per Square Foot: $177
  • Land Size: 45,342 sqft
  • Price per Land Square Foot: $72
  • Market: Hollywood

The buyer of the property is Flying Point represented by Sam Genet and Zach Sohn. The seller is Felix Revuelta Fernandez. The deal was facilitated by brokers Alejandro Snyder and Michael B. Williams from Current Real Estate Advisors.

Players

Alejandro Snyder

Current Real Estate Advisors

Broker

$85M

vol

16 deals

Broker

Sam Genet

Flying Point

Buyer

$69.5M

vol

16 deals

Buyer

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

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93