Construction Monthly Magazine | Los Angeles 2023 Build Expo Show Edition

LEE & ASSOCIATES - LA NORTH/VENTURA CLOSES $10.7M
SALE OF PRIME INDUSTRIAL BUILDING IN CHATSWORTH
The sale marks the company’s largest deal for Q2 2023
PHOTO LEE & ASSOCIATES
- LA NORTH/VENTURA INC.
CHATSWORTH, CA – JULY 20, 2023
Lee & Associates - LA North/Ventura
Principals Scott Caswell and Erica
Balin have announced the closing of
a $10.7 million, 37,000 SF industrial
building located at 9223 Deering Avenue in
Chatsworth, California. Caswell and Balin
represented both the buyer, whose name
will remain undisclosed, and the seller,
Northwest Industrial Center, LLC, in the
transaction.
“Prime industrial property remains hard to
find even in this current environment,” said
Caswell in making the announcement. “There
is no question that industrial, particularly
when it is well located, continues to a product
type that remains popular, particularly given
the lack of inventory in the area.”
The site was previously home to a database
management company.
“We are very pleased to be able to bring this
opportunity to the buyer’s attention as we
truly believed it was an exceptional facility for
them,” emphasized Balin. “Given the current
interest rate environment and the lack of welllocated
product, this provided an excellent
solution to both the buyer and seller.”
Located in the prestigious Northpark
Industrial Center, this area continues to be
one of the region’s most popular areas given
its proximity in the San Fernando Valley. The
property’s location also provides easy access
to major freeways, providing easy access to
surrounding hubs.
About Lee & Associates - LA North/Ventura, Inc.
Lee & Associates offers an array of real estate
services tailored to meet the needs of the
company’s clients, including commercial real
estate brokerage, integrated services, and
construction services. Established in 1979,
Lee & Associates is now an international firm
with 70+ offices throughout the United States
and Canada. Our 1,300 professionals regularly
collaborate to make sure they are providing
their clients with the most advanced, upto-date
market technology and information.
For the latest news from Lee & Associates,
visit lee-associates.com or follow us on
Facebook, LinkedIn, Twitter, and our company
blog. www.lee-Associates.com
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