Updated Sep 11, 2026
Lee Kleinman & Andrew Berk Secure $5.76M Loan For Industrial Property In Chatsworth
9200 Eton Avenue
$5,760,000
$291/SF
Building Size
19,763 SF
Asset Type
Industrial
Closing
Jun 28, 2022
About this deal
AI
A loan was obtained for an industrial property located at 9200 Eton Ave in Chatsworth. The property is 19,763 square feet and was acquired by the borrower for $6,400,000. The loan amount secured for this acquisition was $5,760,000.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Loan Amount: $5,760,000
The lender for this transaction was Lee Kleinman from Business Finance Capital CDC. The loan was obtained through the SBA 504 loan program, with the bank financing 50% of the project as a first mortgage and the SBA providing 40% as a second mortgage. Gita Kronen is the landlord of the property. Andrew Berk from Avison Young represented the borrower as the broker in this deal.
On the Map
$5,760,000
$291/SF
Industrial
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Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93