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21540 Nordhoff Street, West...

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

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

Roy Harel

Nublock Partners

Broker

$431.1M

vol

19 deals

Broker
Fortress Investment Group
Fortress Investment GroupBuyer
Fortress Investment Group
Fortress Investment GroupLender

Chatsworth Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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