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Saturday, Sep 23, 2023

Chatsworth Industrial Building Sold

A 24,150-square-foot industrial building in Chatsworth is slated for an overhaul after being sold late last month for $3 million. The 20433 Nordhoff St. building was constructed in 1969 and was previously used as a precision machine shop. The new owners, Nordhoff SSA LLC, plan to upgrade the building before a new tenant, which was not disclosed, moves in. New offices, an exterior rehab, a landscaping overhaul and new parking are in the works. Timothy Foutz, a senior executive vice president at NAI Capital Inc.’s Encino office, said in a statement that the rehab is reflective of a changing area. “The redesign of the facility will improve not only this building but will enhance the value of the surrounding buildings as the area continues to evolve into more of a light -manufacturing and office environment,” said Foutz, who represented both the buyer and seller.

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