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9719 Mason Avenue, Chatswor...

Stonegate Property Holdings Acquires Industrial Property In Chatsworth, CA For $4.4M
SOLDIndustrial

Stonegate Property Holdings Acquires Industrial Property In Chatsworth, CA For $4.4M

9719 Mason Avenue, Chatsworth, California 91311, United States

$4,400,000

$300/SF

Building Size

14,633 SF

Asset Type

Industrial

Closing

Nov 6, 2022

AI

The industrial property located at 9719 Mason Ave in Chatsworth, CA was recently sold for a total of $4,400,000. The property spans 14,633 square feet, resulting in a price per square foot of $301. The sale took place on 11/07/2022, with Stonegate Property Holdings acquiring the property from The Gallant Family Trust.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,400,000
  • Date: 11/07/2022
  • Address: 9719 Mason Ave, Chatsworth, CA
  • Market: Chatsworth, CA
  • Buyer: Stonegate Property Holdings
  • Seller: The Gallant Family Trust
  • Buyer's Representative: P. Nathan Bahmanyar - Think Space Real Estate, Inc
  • Seller's Representative: Gian Starita & Todd Lorber - NAI Capital
  • Square Footage: 14,633
  • Price Per Square Foot: $301

P. Nathan Bahmanyar from Think Space Real Estate, Inc represented Stonegate Property Holdings in the transaction. The seller, The Gallant Family Trust, was represented by Gian Starita and Todd Lorber from NAI Capital.

Players

Todd Lorber

NAI Global

Broker

$24.1M

vol

4 deals

Broker

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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93