Updated Dec 21, 2023
Brandon Michaels Group & Lonnie McDermott Acquire Development Site In Thousand Oaks For $37M
339 Hampshire Road, Thousand Oaks, CA, USA
$37,000,000
$84/SF
Building Size
439,956 SF
Asset Type
Development Site
Closing
Mar 24, 2021
About this deal
AI
The development site located at 339 Hampshire Road in Thousand Oaks was recently sold for a total of $37,000,000. Spanning across 439,956 square feet, the property boasts a price per square foot of $84. This transaction took place on March 25, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $37,000,000
- Address: 339 Hampshire Road, Thousand Oaks
- Market: Thousand Oaks
The sale was facilitated by brokers Brandon Michaels from the Brandon Michaels Group and Lonnie McDermott from the McDermott Group. They played crucial roles in representing the parties involved in the transaction.
On the Map
$37,000,000
$84/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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93