5446-5448 Satsuma Avenue
North Hollywood, CA
Sale Price: $5,335,000
Size: 79,430 SF
Ron Feder is pleased to report the recent closing of 5446-5448 Satsuma Avenue, North Hollywood. The property consisted of approx.. 37,600 square feet of (4) buildings on approx.. 79,430 square feet of land. The property also contained an AT&T cell tower, which provided rental income. The transaction was a result of the tenant exercising a purchase option that was negotiated when Break the Floor Productions leased the premises in May of 2013 for a seven year term.
Since the Buyer already made significant improvements to the property, the lender was able to provide 100% financing, as the SBA utilized the previous improvements as the Buyer's cash contribution. The purchase price was $5,335,000. Ron represented both the Buyer and Seller in this transaction.