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Neutraderm Acquires Industrial Building At 20680 Nordhoff Street In Chatsworth For $21M

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SOLD
$21,000,000
Scott Caswell
Erica Balin

California

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Industrial
Sold
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Property Image
SOLD

Neutraderm Acquires Industrial Building At 20680 Nordhoff Street In Chatsworth For $21M

20680 Nordhoff Street

See Similar Deals
Industrial
Sold
Scott Caswell
Erica Balin
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale

Neutraderm has acquired an industrial building located at 20680 Nordhoff Street in Chatsworth, Los Angeles, for a total of $21 million. This property acquisition will contribute to a larger project, combining with two nearby properties to develop a flagship headquarters encompassing 115,000 square feet in Southern California.

Summary of transaction details:

Erica Balin and Scott Caswell represented the brokers in this transaction, facilitating the deal between Neutraderm and Nordhoff XC LLC, marking a significant move for Neutraderm in their expansion within the industrial sector of the market.

Players

Erica Balin
Lee & Associates
Erica Balin
9 deals$81.3M volume(818) 444-4912
BROKER
Scott Caswell
Lee & Associates
Scott Caswell
9 deals$81.3M volume
BROKER

Details

SOLD
IMAGE: Scott Caswell & Erica Balin DATE: 07/26/2024 ADDRESS: 20680 Nordhoff Street MARKET: Chatsworth ASSET TYPE: Industrial BUYER: Neutraderm SELLER: Nordhoff XC LLC BROKERS: Erica Balin (@EricaBalin_cre) & Scott Caswell (@Scott.Caswell) - Lee & Associates (@LeeAssociatesRE) SALE PRICE: $21,000,000 NOTE: Neutraderm acquired a $21 million industrial building at 20680 Nordhoff St. in Chatsworth, Los Angeles, from Nordhoff XC LLC. This purchase, combined with two nearby properties, will create a 115,000-square-foot flagship headquarters for Neutraderm in Southern California.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56