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NoHo Industrial Property Sells for $5.1 Million

7525 Ethel Ave. in North Hollywood.

NoHo Industrial Property Sells for $5.1 Million

A single-story, eight-unit industrial property at 7525 Ethel Ave. in North Hollywood has sold for $5.1 million, or $222 a square foot, according to brokerage Spectrum Commercial Real Estate Inc.

Constructed in 1973, the property consists of a roughly 22,500-square-foot concrete tilt-up multi-tenant building situated on just over 2 acres.

The units, which range from 1,640 to 2,854 square feet, feature 13-foot-minimum warehouse clearance, ample power, fenced and secured parking area, easy loading and ample parking.

Spectrum Commercial Real Estate’s founder Yair Haimoff represented the undisclosed buyer.

Formed in 2018, Spectrum Commercial is headquartered in Valencia.