Dhar Mann Studios Acquires Industrial Property In Chatsworth For $23 Million From Gem Realty Capital And Lincoln Property Company

The property asset involved in this transaction is an industrial facility located at 9640 Owensmouth Avenue in Chatsworth, CA. The sale price for the property was $23,000,000, encompassing a total area of 108,000 square feet, situated on a three-acre lot. The price per square foot for this transaction is $213.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $23,000,000
• Address: 9640 Owensmouth Avenue
• Market: Chatsworth, CA
• Acres: 3
• Square Footage: 108,000
• Price Per Square Foot: $213
• Buyer: Dhar Mann - Dhar Mann Studios
• Seller: Barry Malkin - Gem Realty Capital; Clay Duvall & David Binswanger - Lincoln Property Company

Dhar Mann Studios acquired the Crimson Studios production campus as part of their relocation strategy from Burbank, targeting a move in 2027. The sellers, Gem Realty Capital and Lincoln Property Company, divested the property below their 2021 purchase price amid a softening studio real estate market in Los Angeles.