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Sunday, Jun 26, 2022

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.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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