Lee & Associates Sells 37,000 SF Industrial Building In Chatsworth For $10.7M

A $10.7 million industrial building in Chatsworth, California has recently been sold. The property, located at 9223 Deering Avenue, spans 37,000 square feet and is situated in a prime location in the Chatsworth market.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $10,700,000
• Square Footage: 37,000
• Price per Square Foot: $289
• Address: 9223 Deering Avenue
• Market: Chatsworth

The sale was facilitated by Scott Caswell and Erica Balin from Lee & Associates, who represented both the buyer and the seller in the transaction. The undisclosed buyer and the seller, Northwest Industrial Center, LLC, both benefited from the deal due to the high demand for industrial spaces in the area and the property's desirable location.