Chatsworth Industrial Park

21026-21040 Nordhoff Street, 9035 Independence Ave., 21019-21025 & 21045-51 Osborne Street | Chatsworth, CA

152,876 Square Foot Industrial Buildings


Details

Date Purchased: July, 2012
Purchase Price: $10,100,000
Sale Price: $16,800,000
Sale Date: July, 2014
Holding Period: 24 months
Initial Investment: $2,875,000
Total Investor Proceeds: $6,526,250
Internal Rate of Return: 51%

Completed Business Plan

  • Acquired Chatsworth Industrial Park by providing rescue capital and resolving the ownership’s bankruptcy.
  • Implemented an upgrade plan which included renovations, cosmetic improvements, and other building enhancements. 
  • Took an underperforming industrial park and increased occupancy to 100%.
  • Sold the project after a two year hold period for a price which more than doubled investor capital.
  • Implemented a 1031 exchange in order to defer capital gains tax attributable to the sale.

Persius Creative