Updated Apr 3, 2026
Samvel Zograbian Purchases Industrial Property From Joseph Nazari For $6.5M In Chatsworth
20600 Plummer Street
$6,500,000
$270/SF
Building Size
24,047 SF
Asset Type
Industrial
Closing
Nov 25, 2025
About this deal
AI
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.
On the Map
$6,500,000
$270/SF
Industrial
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93