Coldwell Banker Commercial Quality Properties has represented both parties in the sale of a 48,500-square-foot, multi-tenant industrial property in the Canoga Park neighborhood of Los Angeles. The buyer, Selective Eton Nordhoff, LLC, purchased the property above asking price which was listed at $10.5M.

“Originally constructed in 1977, this industrial complex has remained substantially the same except for cosmetic updates throughout the years,” said Coldwell Banker’s Arthur Pfefferman in a news release. “It is a prime location for small business offices in need of mostly warehouse space, situated in the active and industrial neighborhoods of Chatsworth and Canoga Park.

The property, located at the corner of Nordhoff Street and Eton Avenue, encompasses an area of 2.5 acres and features six concrete, tilt-up industrial buildings. The industrial park’s location in the western San Fernando Valley is in a transportation area serviced by rail and is 20 miles from Burbank Airport.