Fortress Investment Group Acquires Industrial Property In Chatsworth For $9M
21540 Nordhoff Street, West Hills, California 91311, United States
$9,000,000
Building Size
—
Asset Type
Industrial
Closing
Mar 14, 2022
AI
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
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93