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20600 Lassen Street, Chatsw...

Jonathan Parzivand Acquires Industrial Property On Lassen St. In Chatsworth For $3.05M
SOLDIndustrial

Jonathan Parzivand Acquires Industrial Property On Lassen St. In Chatsworth For $3.05M

20600 Lassen Street, Chatsworth, CA 91311, USA

$3,052,000

$260/SF

Building Size

11,720 SF

Asset Type

Industrial

Closing

Aug 31, 2021

AI

Located in Chatsworth, the industrial property at 20600-20630 Lassen St. has recently changed hands in a sale transaction. The property spans 11,720 square feet and was sold for a total price of $3,052,000, resulting in a price per square foot of $260. The transaction took place on August 31, 2021. The property was purchased by Jonathan Parzivand from sellers Jason Rubin and Maya Rubin.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,052,000
  • Square Footage: 11,720
  • Address: 20600-20630 Lassen St.
  • Market: Chatsworth

Represented by Greg Offsay and Todd Nathanson from Illi Commercial Real Estate, the sale transaction was facilitated by brokers. Greg Offsay and Todd Nathanson served as representatives for both the buyer, Jonathan Parzivand, and the sellers, Jason Rubin and Maya Rubin.

Players

Greg Offsay

illi Commercial Real Estate

Broker

$12.2M

vol

3 deals

Broker

Jason Rubin

Seller

$58.2M

vol

9 deals

Seller

Los Angeles 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

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93