G&I IX Esplanade LP Acquires 195 W Esplanade Dr, Oxnard Property For 488K
195 W Esplanade Dr, Oxnard, CA, 930...
Building Size
488,867 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The Esplanade Shopping Center, located at 195 W Esplanade Drive in Oxnard, CA, spans 488,867 square feet and is situated in the Oxnard market. At the time of sale, the shopping center was 92.3 percent occupied, featuring a diverse range of retailers such as Nordstrom Rack, Walmart Neighborhood Market, T.J. Maxx, Staples, Dick’s Sporting Goods, Cost Plus World Market, and The Home Depot. Dining options at the center include BJ’s Restaurant, Blaze Pizza, In-N-Out Burger, Pick Up Stix, Jamba Juice, and Starbucks Coffee.
Summary of transaction details:
- Property Type: Regional Shopping Center
- Transaction Amount: Undisclosed
- Address: 195 W Esplanade Dr, Oxnard, CA, 930...
- Square Footage: 488,867
- Current Occupancy: 92.3 percent
- Seller: Brixmor Property Group
- Buyer: G&I IX Esplanade Property LP
- Seller's Representative: Matthew "Matt" Schwartz-Newmark
NKF Capital Markets represented the seller in this transaction, with Bill Bauman, Kyle Miller, and Matthew Schwartz involved in the representation efforts. Additionally, financing for the buyer was secured by NKF’s David Milestone and Brett Green.
Players
Oxnard CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93