Dave Maron Of NAI Capital Represents Private Investor Group In Chatsworth Retail Acquisition For $8.65M

A retail center located at 20516 Devonshire Street in Chatsworth, California, was sold for $8,654,880. The property encompasses 9,084 square feet, resulting in a price per square foot of $953. The center, built in 1997, is anchored by Western Bagel and includes tenants such as BMO Harris Bank and Confluence Health, with a cap rate of 5.19%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,654,880
• Square Footage: 9,084
• Address: 20516 Devonshire Street
• Market: Chatsworth
• Price Per Square Foot: $953
• Cap Rate: 5.19%
• Seller's Representative: CBRE
• Buyer's Representative: Dave Maron - NAI Capital
• Seller: Family Trust

The transaction involved a private investor group represented by Dave Maron from NAI Capital, who facilitated the acquisition on their behalf. The family trust, acting as the seller, engaged CBRE for their representation in the deal.