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195 W Esplanade Dr, Oxnard,...

G&I IX Esplanade LP Acquires 195 W Esplanade Dr, Oxnard Property For 488K
SOLD

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

Matthew Schwartz

Newmark

Broker

$214.6M

vol

8 deals

Broker

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