Edgar Matevosian & Leo Khechumyan Of MIG Commercial Real Estate Services Lease Industrial Space In Chatsworth

The property involved in this transaction is located at 9031 Lurline Avenue in the Chatsworth market. It is categorized as an industrial asset. The asking rent for the property is $1.75 NNN per square foot, with a total area of 29,208 square feet. The lease term is set for 5 years, under a NNN lease structure.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1.75 NNN/ft
• Square Footage: 29,208
• Lease Term: 5 years
• Address: 9031 Lurline Avenue
• Market: Chatsworth
• Tenant's Representative: Edgar Matevosian & Leo Khechumyan - MIG Commercial Real Estate Services

Edgar Matevosian and Leo Khechumyan from MIG Commercial Real Estate Services represented the tenant in this lease transaction. The deal was instrumental in preserving jobs and maintaining business continuity amidst challenges posed by the ongoing Metro Link development and eminent domain issues. Their diligent research and strategic planning helped secure a new location for a $10 billion corporation, ensuring that hundreds of jobs could be upheld and that the community could continue to thrive.