Zach Sohn & Sam Genet Of Flying Point Acquire Industrial Property In Hollywood For $5.75M
1401 - 1425 South 30th Avenue
$5,750,000
$148/SF
Building Size
38,812 SF
Asset Type
Industrial
Closing
Feb 23, 2023
AI
The industrial property located at 1401-1425 South 30th Avenue in Hollywood has been sold. The transaction was facilitated by APEX Capital Realty, with Miguel Pinto, Felipe Escobar, Adriano Salucci, and Jason Abitbol serving as the brokers. The property was purchased by Zach Sohn and Sam Genet, representing Flying Point, for a total sale price of $5,750,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,750,000
- Square Footage: 38,812
- Price per Square Foot: $148
- Building Square Footage: 31,348
- Price per Building Square Foot: $183
- Address: 1401-1425 South 30th Avenue
- Market: Hollywood
Zach Sohn and Sam Genet, representing Flying Point, successfully acquired the industrial property. Leona V. Axelson TR acted as the seller in this transaction. The brokers from APEX Capital Realty, including Miguel Pinto, Felipe Escobar, Adriano Salucci, and Jason Abitbol, played a crucial role in facilitating the deal.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93