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339 Hampshire Road, Thousan...

Brandon Michaels Group & Lonnie McDermott Acquire Development Site In Thousand Oaks For $37M
SOLDDevelopment Site

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

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.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

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