Samvel Zograbian Purchases Industrial Property From Joseph Nazari For $6.5M In Chatsworth

The property involved in this transaction is an industrial asset located at 20600 Plummer Street, Chatsworth. It has a sale price of $6,500,000 and encompasses a total area of 24,047 square feet, with a price per square foot of $270.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,500,000
• Buyer: Samvel Zograbian
• Seller: Joseph Nazari
• Lender: Lee Kleinman - Business Finance Capital CDC
• Broker: David Hoffberg – Delphi Business Properties

This transaction was facilitated by Lee Kleinman, who provided financing through the SBA 504 program, allowing for a low down payment of just 10% and a 25-year fixed below market interest rate. David Hoffberg represented the broker in the deal, ensuring a successful transaction between the buyer and seller.