Updated Dec 4, 2024
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
About this deal
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.
On the Map
Industrial
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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