SOLD
David Foruzanfar Acquires Multi-Tenant Industrial Property In Chatsworth For $8M
20361-20371 Prairie Street
Industrial
39,500 SF
39,500 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Industrial
39,500 sqft
An off-market multi-tenant industrial property in Chatsworth has been sold for $8,000,000. Located at 20361-20371 Prairie Street, the property spans across 39,500 square feet and consists of 22 units. The price per square foot was $202.53, with a per unit price of $363,636. The transaction took place on February 26, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 20361-20371 Prairie Street
- Market: Chatsworth
- Square Footage: 39,500
- Price per Square Foot: $202.53
- Number of Units: 22
- Price per Unit: $363,636
The buyer of the property was David Foruzanfar, while Richard Raczuk served as the seller. The transaction was facilitated by Bentley McKean, James DeBuiser, and Gary Cohen from Marcus & Millichap Ventura. Notably, these representatives worked on behalf of both the buyer and the seller, making this a unique deal. The transaction reached a mid 3% cap rate and was completed on an off-market basis.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Bentley McKean @b_beastly, James DeBuiser @jamesjdebuiser & Gary Cohen @garysea22 @marcusmillichapventura
DATE: 02/26/2020
ADDRESS: 20361-20371 Prairie Street
MARKET: Chatsworth
ASSET TYPE: Industrial
PRICE: $8,000,000
SF: 39,500
PPSF: $202.53.53
UNITS: 22
PPU: $363,636
BUYER: David Foruzanfar
SELLER: Richard Raczuk
BROKERS: Bentley McKean, James DeBuiser, Gary Cohen
NOTES: Multi-tenant industrial property in Chatsworth, Represented both buyer and seller, Off-market transaction, Mid 3% Cap deal.View on map
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Address20361-20371 Prairie Street
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