19809 Prairie St
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19809 Prairie St
89,740 SF 50% Leased Office Building Chatsworth, CA 91311 $14,900,000 ($166/SF)
Investment Highlights
- HVAC for the building consists of multi-zoned, constant volume system.
- Common areas within the building have ceramic-tiled and carpeted floors and painted, drywall-finished walls and ceilings.
- 294 total parking stalls and an additional 224 parking spaces in garage south of the property that are part of covenant included with the property.
- Located in the San Fernando Valley with close proximity to the 118, 405, and 101 freeways, as well as Van Nuys Airport.
Executive Summary
CBRE, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 19809 Prairie Street, Chatsworth, California.
The ±89,740 SF flex/office building is 50% leased to the US Citizenship and Immigration Services agency. The lease expiration date is March 25, 2027. The property offers either an owner-user or investment opportunity, as the partial occupancy allows an owner-user to purchase the property and mitigate their occupancy costs through the collection of rent as well as appreciation and tax benefits. The asset is surrounded by surface parking and lush landscaping and benefits from a strong “business campus” identity. The asset is well-located in Chatsworth, California.
The ±89,740 SF flex/office building is 50% leased to the US Citizenship and Immigration Services agency. The lease expiration date is March 25, 2027. The property offers either an owner-user or investment opportunity, as the partial occupancy allows an owner-user to purchase the property and mitigate their occupancy costs through the collection of rent as well as appreciation and tax benefits. The asset is surrounded by surface parking and lush landscaping and benefits from a strong “business campus” identity. The asset is well-located in Chatsworth, California.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
89,740 SF
Building Class
B
Year Built
1992
Price
$14,900,000
Price Per SF
$166
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
44,870 SF
Slab To Slab
12’
Building FAR
0.83
Lot Size
2.49 AC
Zoning
LAMR2 - Commercial
Parking
294 Spaces (3.28 Spaces per 1,000 SF Leased)
Amenities
- Fitness Center
- Food Service
- Signage
- Outdoor Seating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
From 2,000 RSF up to 45,050 RSF.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 2,000-45,050 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 2,000-45,050 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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2nd Floor
| Size | 2,000-45,050 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
From 2,000 RSF up to 45,050 RSF.
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PROPERTY TAXES
| Parcel Number | 2761-040-023 | Improvements Assessment | $11,555,725 |
| Land Assessment | $3,265,745 | Total Assessment | $14,821,470 |
PROPERTY TAXES
Parcel Number
2761-040-023
Land Assessment
$3,265,745
Improvements Assessment
$11,555,725
Total Assessment
$14,821,470
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19809 Prairie St
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