Updated Nov 28, 2024
Mark Golastani Acquires Development Site In Thousand Oaks From Goldman Sachs
1816 Los Feliz Dr, Thousand Oaks, CA 91362, Estados Unidos
$1,180,000
$4/SF
Building Size
247,130 SF
Asset Type
Development Site
Closing
Oct 1, 2020
About this deal
AI
Located in Thousand Oaks, the development site at 1816-1818 Los Feliz Dr has been sold in a recent transaction. The property spans across 24,713 square feet and has a price per square foot of $47.75. The sale price for the site was $1,180,000. This development site consists of 17 units, with an average price per unit of $69,412.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $1,180,000
- Address: 1816-1818 Los Feliz Dr, Thousand Oaks
- Market: Thousand Oaks
- BSF: 24,713 square feet
- PPSF: $47.75
- Units: 17
- PPU: $69,412
The buyer of the property was Mark Golastani, while Goldman Sachs served as the seller. The transaction was facilitated by Filip Niculete and Glen Scher from Marcus & Millichap LAAA Team, who represented both parties involved in the deal.
On the Map
$1,180,000
$4/SF
Development Site
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Players
Thousand Oaks Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93