Jonathan Parzivand Acquires Industrial Property On Lassen St. In Chatsworth For $3.05M
SOLD
$3,052,000
California
See Similar DealsIndustrial11,720 SF
Sold 08/31/2021
SOLD
Jonathan Parzivand Acquires Industrial Property On Lassen St. In Chatsworth For $3.05M
20600 Lassen Street, Chatsworth, CA 91311, USA
See Similar DealsIndustrial11,720 SF
Sold 08/31/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$260
Total Square Footage:11,720 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,773.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,843.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,468.04
Annual Debt Service$173,616.44
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