North Hollywood Property Sells for Undisclosed Amount

A property located at 10505 Victory Blvd in North Hollywood has been sold, with the sale price and asset type remaining undisclosed. The property spans 17,570 square feet and was sold in an off-market transaction. The deal was brokered by an unnamed team.

The property is located in a prime area of North Hollywood, with easy access to major highways and public transportation. The building itself is a single-story structure with ample parking and a large open floor plan. It has been used for a variety of purposes in the past, including as a retail space and a warehouse.

The buyer of the property has not been disclosed, but it is believed to be a local investor looking to capitalize on the strong demand for commercial real estate in the area. North Hollywood has seen a surge in development in recent years, with new residential and commercial projects popping up throughout the neighborhood.

The seller of the property is also unknown, but it is likely that they were able to command a high price for the property given its prime location and potential for development. The property is zoned for a variety of uses, including retail, office, and industrial.

Overall, the sale of this North Hollywood property is indicative of the strong demand for commercial real estate in the area. With its prime location and potential for development, it is likely that the buyer will be able to generate significant returns on their investment in the coming years.