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Avison Young brokers $6.4 million acquisition of a 20,000-sf industrial property in Chatsworth, CA on behalf of buyer, Bone Clones

Avison Young brokers $6.4 million acquisition of a 20,000-sf industrial property in Chatsworth, CA on behalf of buyer, Bone Clones juillet 14, 2022

 

Los Angeles, Calif. – Avison Young has brokered the off-market, $6.4 million acquisition of a single-tenant, 20,000-square-foot (sf) industrial building located at 9200 Eton Avenue in Chatsworth, CA. Avison Young Principal Andrew Berk represented the buyer, Bone Clones, a company that manufactures, distributes, and sells human and animal reproductions of bones and complete skeletons for museums, schools, exhibitors and the movie industry. The seller was Northwest Industrial Center LLC who was represented by Scott Caswell, Erica Balin and Drew Kaser of Lee & Associates.

“My longtime clients Gita and David Kronen were about to have their company’s lease expire and reached out to me to negotiate acquiring the building they have been located in for the past five years,” said Berk. “As the industrial and flex property sector is exceptionally constrained and is receiving multiple offers above asking price, we successfully negotiated a beneficial situation for the buyer and seller in an off-market transaction.”

Built in 1981, the property is situated on just under one-acre of land. The single tenant 22’ clear property with both a ground and dock high door features an extensive office build-out, warehouse spaces for manufacturing, distribution, and a large showroom area with full-size human and animal skeleton replicas. Lee Kleinman at Business Finance Capital CDC and Myles Walters at Union Bank provided the SBA financing on the transaction.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

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