Merlone Geier Management Acquires Property From ScanlanKemperBard Companies For $51.1M In Simi Valley
SOLD
$51,100,000
California
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Merlone Geier Management Acquires Property From ScanlanKemperBard Companies For $51.1M In Simi Valley
First St, Simi Valley, CA, 93065
See Similar DealsSummary
CALIFORNIA
Transaction Type:Sale
The property involved in this transaction is located at First St, Simi Valley, CA, 93065, within the Simi Valley market. The sale price of the property was $51,100,000.00, and the total square footage is 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $51,100,000.00
- Address: First St, Simi Valley, CA, 93065
- Market: Simi Valley
- Seller: ScanlanKemperBard Companies
- Buyer: Merlone Geier Management
- Seller's Representative: Bryan Hurley - Cushman & Wakefield
The transaction involved notable parties including the seller, ScanlanKemperBard Companies, and the buyer, Merlone Geier Management. The deal was represented by Bryan Hurley from Cushman & Wakefield, who acted on behalf of the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,725,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$181,547.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$242,240.07
Annual Debt Service$2,906,880.84
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