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

Property Image
SOLD
$8,654,880

California

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Retail9,084 SF
Sold 10/23/2025
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SOLD

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

20516 Devonshire Street

See Similar Deals
Retail9,084 SF
Sold 10/23/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$952
Total Square Footage:9,084 SF
Transaction Type:Sale

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.

Players

Dave Maron
NAI Global
Dave Maron
4 deals$30.8M volume(626) 564-4800
BROKER
NAI Global
NAI Global
BROKERAGE
CBRE
CBRE
BROKERAGE

Details

SOLD
IMAGE: Dave Maron DATE: 10/23/2025 ADDRESS: 20516 Devonshire Street MARKET: Chatsworth ASSET TYPE: Retail SELLER'S REP: CBRE (@CBRE) BUYER'S REP: Dave Maron - NAI Capital (@NAICapital) SALE PRICE: $8,654,880 SF: 9,084 ~ PPSF: $953 NOTE: NAI Capital Commercial’s Dave Maron represented a private investor group in the $8.65 million acquisition of a 9,084-square-foot retail center at 20516 Devonshire St. in Chatsworth, California, at a 5.19% cap rate. The seller, a family trust, was represented by CBRE; the 1997-built property is anchored by Western Bagel and includes tenants such as BMO Harris Bank and Confluence Health.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$461,593.61

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,748.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,028.55
Annual Debt Service$492,342.56