Rexford Industrial Leases 180000 SF Industrial Space To Voyant Beauty In Chatsworth
9200 Mason Avenue
Building Size
180,000 SF
Asset Type
Industrial
Closing
Aug 27, 2024
AI
The property involves a 180,000 square foot industrial asset located at 9200-9250 Mason Avenue in the Chatsworth market. The asset is under the management of Rexford Industrial, serving as the landlord for the transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: Long-term
- Landlord: Howard Schwimmer - Rexford Industrial
- Tenant: Richard McEvoy & Michael Partridge - Voyant Beauty
- Brokers: Erica Balin & Scott Caswell - Lee & Associates
Erica Balin and Scott Caswell from Lee & Associates facilitated three long-term leases for tenant Voyant Beauty within the warehouse complex. This strategic move allows Voyant Beauty to consolidate their manufacturing operations efficiently in a prime industrial area near Los Angeles.
Players
Chatsworth Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93