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1401 - 1425 South 30th Avenue

Zach Sohn & Sam Genet Of Flying Point Acquire Industrial Property In Hollywood For $5.75M
SOLDIndustrial

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

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Sam Genet

Flying Point

Buyer

$69.5M

vol

16 deals

Buyer
T
TR.Seller

Market 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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93