Updated Dec 4, 2024
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
About this deal
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.
On the Map
$3,250,000
$177/SF
Industrial
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Players
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