Updated Nov 28, 2024
Intercontinental Real Estate Corporation Acquires Industrial Property In San Fernando Valley For $74M
20730 Prairie Street, Chatsworth, CA, USA
$74,000,000
$333/SF
Building Size
221,842 SF
Asset Type
Industrial
Closing
Mar 28, 2021
About this deal
AI
An industrial property located at 20730 Prairie Street in the San Fernando Valley has been sold for a total of $74,000,000. The property spans across 221,842 square feet, resulting in a price per square foot of $333. The transaction took place on March 29, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $74,000,000
- Address: 20730 Prairie Street
- Market: San Fernando Valley
- Square Footage: 221,842
The buyer of the property is Intercontinental Real Estate Corporation, represented by Jessica Levin. The seller is PGIM. The deal was facilitated by brokers Darla Longo and Barbara Perrier from CBRE.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93