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19900 Plummer Street, Chats...

Rexford Industrial Acquires 3.82 Acre Office Property In Chatsworth For $15M
SOLDOffice

Rexford Industrial Acquires 3.82 Acre Office Property In Chatsworth For $15M

19900 Plummer Street, Chatsworth, California 91311, United States

$15,000,000

$345/SF

Building Size

43,472 SF

Asset Type

Office

Closing

Mar 29, 2022

AI

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

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.

Players

Mark Schuessler

Colliers

Broker

$1.3B

vol

37 deals

Broker
Newmark
NewmarkBrokerage
Rexford Industrial
Rexford IndustrialBuyer

Chatsworth Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93