Rexford Industrial Acquires 3.82 Acre Office Property In Chatsworth For $15M
SOLD
$15,000,000
+ 2
California
See Similar DealsOffice43,472 SF
Sold 03/30/2022
SOLD
Rexford Industrial Acquires 3.82 Acre Office Property In Chatsworth For $15M
19900 Plummer Street, Chatsworth, California 91311, United States
See Similar DealsOffice43,472 SF
Sold 03/30/2022
+ 2
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$345
Total Square Footage:43,472 SF
Transaction Type:Sale
An office property located at 19900 Plummer Street in Chatsworth has been sold in a recent transaction. The property sits on 3.82 acres of land and spans a total area of 43,472 square feet. The sale took place on March 30, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,000,000
- Market: Chatsworth
- Buyer: Rexford Industrial
- Seller: Korda Group
- Brokers: Ryan Plummer, Andrey Mindirgasov, Sean Fulp, Mark Schuessler & Chris Smith - Newmark
The buyer, Rexford Industrial, acquired the property from the seller, Korda Group. The transaction was facilitated by brokers Ryan Plummer, Andrey Mindirgasov, Sean Fulp, Mark Schuessler, and Chris Smith from Newmark. The sale price for the property was $15,000,000, resulting in a price per square foot of $345.
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SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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