COLDWELL BANKER COMMERCIAL ANNOUNCES SALE OF APPROX. 48,550 SQUARE-FOOT PROPERTY

CANOGA PARK/CHATSWORTH, CALIF. (March 27, 2023) – Coldwell Banker Commercial Quality Properties is pleased to announce that it represented both the buyer and seller in the sale of an approximately 48,550 square-foot, multi-tenant industrial property located in the communities of Chatsworth and Canoga Park, Los Angeles.

The property encompasses an area of approximately 107,593 square feet or 2.47 acres and has been improved with six concrete, tilt-up industrial buildings.

Arthur Pfefferman, executive vice president of Coldwell Banker Commercial Quality Properties, represented both sides of the successful transaction, which was completed above asking price. It was listed for $10,498,810, or $216.25 per square foot. The buyer was Selective Eton Nordhoff, LLC.

“Originally constructed in 1977, this industrial complex has remained substantially the same except for cosmetic updates throughout the years. It is a prime location for small business offices in need of mostly warehouse space, situated in the active and industrial neighborhoods of Chatsworth and Canoga Park,” said Pfefferman.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Quality Properties, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.  

Media Contact:
Kevin Guhl, kevin.guhl@cbhomeoffice.com
973-407-5916