Staley Point Capital Acquires Industrial Property In Chatsworth For $9M
20409 Prairie Street, Chatsworth, CA 91311
$9,000,000
$214/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Jul 19, 2020
AI
An industrial property located at 20409 Praire St. in Chatsworth has recently been sold for $9,000,000. The property spans 42,000 square feet with a price per square foot of $214. The transaction took place on July 19, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Address: 20409 Praire St.
- Market: Chatsworth
- Square Footage: 42,000
- Price Per Square Foot: $214
The buyer of the property was Staley Point Capital, while the seller was Williams Hart. The deal was facilitated by brokers Roy Harel and Jonathan Lee from Nublock Partners.
Players
Chatsworth Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93