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Fortress Investment Group Acquires Industrial Property In Chatsworth For $9M

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SOLD
$9,000,000

California

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Fortress Investment Group Acquires Industrial Property In Chatsworth For $9M

21540 Nordhoff Street, West Hills, California 91311, United States

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Industrial
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Summary

CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale

Fortress Investment Group has acquired an industrial property located at 21540 Nordhoff St. in Chatsworth. The property, spanning approximately 2 acres, was sold by Jeanine DuBroc for a total of $9,000,000. The transaction was facilitated by brokers Roy Harel and Jonathan Lee of Nublock Partners.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,000,000
  • Address: 21540 Nordhoff St., Chatsworth
  • Market: Chatsworth
  • Buyer: Fortress Investment Group
  • Seller: Jeanine DuBroc
  • Brokers: Roy Harel & Jonathan Lee - Nublock Partners

The acquisition of this industrial property marks a significant deal for Fortress Investment Group. With the property offering approximately 2 acres of land in the Chatsworth market, it presents a valuable opportunity for the company. The involvement of brokers Roy Harel and Jonathan Lee from Nublock Partners highlights their role in assisting both the buyer and the seller throughout the negotiation and transaction process.

Players

Roy Harel
19 deals$431.1M volume
BROKER

Jonathan Lee
8 deals$142.1M volume
BROKER

Fortress Investment Group
BUYER

Details

SOLD
IMAGE: Roy Harel & Jonathan Lee DATE: 03/15/2022 ADDRESS: 21540 Nordhoff St. MARKET: Chatsworth ASSET TYPE: Industrial ~ ACRES: 2 BUYER: Fortress Investment Group SELLER: Jeanine DuBroc BROKERS: Roy Harel (@RoyHarel310) & Jonathan Lee (@SimpLeeJonathan) - Nublock Partners (@Nublock_Partners) SALE PRICE: $9,000,000

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

$480,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10