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5660 Rodman Street

Joe Levy And Jonathan Levy Acquire Hollywood Industrial Property For $9.36M
SOLDIndustrial

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

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker

Joe Levy

Buyer

$18.7M

vol

2 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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93