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Thursday, Feb 29, 2024

NoHo Hosts $5.7 Million Sale of Industrial Building

The multi-tenant industrial building at 13026 Saticoy St. in North Hollywood has sold for $5.7 million. Built in 1974 on just over an acre of land, the property, which spans 22,250 square feet, currently has 17 tenants, including Kitchen Cabinets Remodeling, Davis Mach Co., Yoli’s Produce & More, The Wizard of Ink, Teryx Machine and Precision Quality Machinery. Greg Offsay, Todd Nathanson and Jesse Knight of Encino-based Illi Commercial Real Estate represented the seller. David Young and Chad Gahr of NAI Capital represented the buyer, which CoStar Group identifies as Harry Marks Inc. of Van Nuys.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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