Updated Jan 13, 2025
The City Of Los Angeles Acquires Industrial Property In Chatsworth From Jordan Property Group For $7.6M
9160 Jordan Avenue
$7,600,000
$299/SF
Building Size
25,374 SF
Asset Type
Industrial
Closing
Dec 12, 2024
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 9160 Jordan Avenue in Chatsworth. The sale price for the asset was $7,600,000, with a total square footage of 25,374, resulting in a price per square foot of $299.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,600,000
- Sale Date: 12/12/2024
- Buyer: The City of Los Angeles
- Seller: Jordan Property Group
- Brokers: Monica Luque & Ivan Estrada - Douglas Elliman
This transaction highlights the involvement of The City of Los Angeles as the buyer, with Jordan Property Group as the seller. The brokers representing the deal were Monica Luque and Ivan Estrada from Douglas Elliman, facilitating the negotiation and finalization of the transaction.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93