A Chatsworth manufacturing facility that served as the headquarters of the Tamrac company for the past 25 years has been sold to Selleck Development Group of Westlake Village. The 55,000-square-foot, two-story building at 9240-9244 Jordan Ave. sold for $5.2 million, or about $95 a square foot, according to real estate data provider CoStar Group Inc.
The building, which comprises 27,000-square-feet of research and development space and a 28,000-square-foot office, was sold by Ryan and Jesslyn Cyr, who founded Tamrac in 1977. The company was a leading manufacturer of camera cases that had sales distribution throughout the U.S., Canada, Europe and Japan.
The Cyrs sold their business to Gura Gear of Ogden, Utah, which has continued marketing Tamrac cases but has no intention of keeping the business in Chatsworth or opening a local office, said Scott Katcher, corporate managing director at real estate brokerage Savills Studley. He and Bart Pucci, a Savills senior managing director, represented the sellers in the transaction.
“My clients are retiring. Disposing of the real estate was a critical part of their exit plan and the timing was right to take advantage of activity in the marketplace,” Pucci said
Buyer Daniel Selleck purchased the property, which was vacant at the time of the sale, as an investment and plans to renovate it and lease it to one or two tenants, Katcher said.