Updated Oct 29, 2024
Merlone Geier Management Acquires Property From ScanlanKemperBard Companies For $51.1M In Simi Valley
First St, Simi Valley, CA, 93065
$51,100,000
Building Size
—
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
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.
On the Map
$51,100,000
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Simi Valley 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93