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Thursday, Nov 7, 2024

Chatsworth Plaza Shopping Center Sells for $14.9 Million

Chatsworth Plaza, a commercial shopping center at 21405-21515 Devonshire St. in Chatsworth, has sold for $14.9 million, or $237 per square foot, according to CoStar data.L.A. entity Dayani Partners purchased the 67,841-square-foot property.Bryan Ley, Geoff Tranchina and Tim Kuruzar of JLL represented the seller, Combined Properties Inc.Among the plaza’s 19 storefronts are anchor tenants Ralphs, Dollar Tree, Viva La Fiesta and Care A Lot Pharmacy.Comparable recent sales in the region include a 34,476-square-foot center at 7414 Reseda Blvd. in Reseda, which sold for $8 million, or $233 per square foot; the 45,190-square-foot corner retail property at 201 N. Brand Blvd. in Glendale, which sold for $18 million, or $400 a square foot; and the 51,258-square-foot Golden Farms Market Plaza at 6501 San Fernando Road in Burbank, which sold for $16.5 million or $321.90 a square foot.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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