Joe Levy And Jonathan Levy Acquire Hollywood Industrial Property For $9.36M
5660 Rodman Street & 5801 Dawson Street
$9,360,000
$105/SF
Building Size
88,800 SF
Asset Type
Industrial
Closing
Nov 21, 2023
AI
The industrial property located at 5660 Rodman Street and 5801 Dawson Street in Hollywood has been sold. The transaction took place on November 21, 2023. The property is spread across 44,400 square feet and was sold for a price of $9,360,000, resulting in a price per square foot of $211. The buyer in this transaction is Joe Levy & Jonathan Levy, while the seller is Benjamin Genet. The property was represented by Douglas Mandel and Zach Levine of Marcus & Millichap.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $9,360,000
- Square Footage: 44,400
- Price per Square Foot: $211
- Address: 5660 Rodman Street & 5801 Dawson Street, Hollywood
- Market: Hollywood
Douglas Mandel and Zach Levine from Marcus & Millichap played a crucial role in facilitating the sale of this industrial property. They represented the buyer, Joe Levy & Jonathan Levy, and ensured a successful and smooth transaction.
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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93