5446-5448 Satsuma Avenue
North Hollywood, CA

 Sale Price: $5,335,000

Size: 79,430 SF

Press Release:

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.

Property Inquiry:

© 2018 RJ FEDER & ASSOCIATES, INC.

RJ Feder & Associates, License No. 01253870

KW Commercial, License No. 01428774

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