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Tuesday, Nov 5, 2024

Tenant Purchases Chatsworth Warehouse for $9.7 Million

A Chatsworth warehouse has sold for $9.65 million to its tenant Allsale Electric. The 55,000-square-foot building is at 9240 Jordan Ave. Lee & Associates-LA North/Ventura President Mike Tingus and Principal Grant Fulkerson represented the seller SDG Jordan Associates LLC. Matthew Dierckman with CBRE Group represented Allsale, a division of Regency Lighting. Allsale had been leasing the building since 2016. “We represented the seller, SDG Jordan Associates LLC, when they acquired the building, and we represented them in leasing the building to Allsale,” Fulkerson said in a statement. “Based on the great value and the money invested for building improvements and tenant inducements, our client got a tremendous return in a short period of time.”

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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