Air 1 Moving & Storage has signed a lease for a freestanding industrial facility in Chatsworth.
The warehouse, located at 9556 Cozycroft Ave., spans about 21,600 square feet and is situated on a large parcel. A source with knowledge of the deal said the lease rate would start at $1 per square foot. The five-year lease's total value is about $1.4 million.
The property includes docks, ground loading and ample power.
Yair Haimoff and Barry Jakov, commercial real estate brokers with Spectrum Commercial Real Estate, Inc., represented the company in the transaction.
“Air 1 Moving & Storage occupied space in North Hollywood for over 20 years and needed additional space for growth,” Jakov said in a statement. “Our client was on a short time frame and needed to locate a new facility within 30 days.”
Based in Valencia, Spectrum Commercial Real Estate Inc. was founded in 2018.