Chatsworth, CA– Colliers International, the third largest global real estate services organization, has completed the purchase of a 39,995 square foot industrial property located at 21900-21910 Plummer Street (top left photo)in Chatsworth. The transaction is valued at approximately $3.8 million.
John DeGrinis (middle right photo), Senior Executive Vice President, Patrick DuRoss (middle left photo), Associate Vice President, and Jeff Abraham (lower right photo), Senior Associate all based in Colliers International’s Encino office represented the buyer, Earthly Body, Inc.
The seller, David Shoshan, was represented by Brock Burnett (lower left photo) and Jeff Gould (bottom right photo), also of Colliers International’s Encino office, along with DeGrinis, DuRoss and Abraham.Earthly Body will be growing its business from three units totaling approximately 18,000 square feet into the single building.
“Since the company started in 1994, business has grown each year and has almost doubled every year since 2007, an incredible feat considering the state of the market the past five years,” explained Abraham.
“We have assisted Earthly Body with its growth over the past four years by structuring short term leases on smaller spaces, waiting for the perfect time to acquire a facility that will accommodate its growth plan for years to come.”
“SBA financing allowed our client to obtain advantageous loan terms including 90% loan-to-value,” added DuRoss. “Low, fixed interest rates and high loan-to-value SBA financing are driving owner-user purchases in today’s market.”
The high-image, free standing industrial building was constructed in 1984 and offers state-of-the-art building features including 22-foot minimum clearance, 600 amps of power and high image office space.
It will be used for manufacturing and distribution of natural body and skin care products.
Contact: Darcie Giacchetto, Spaulding Thompson & Associates, 949.278.6224
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