Homa Bolour - Michel Bolour Acquires Industrial Property In Moorpark For $13.7M
14399 Princeton Avenue
$13,700,000
$298/SF
Building Size
45,916 SF
Asset Type
Industrial
Closing
Sep 15, 2023
AI
The industrial property located at 14399 Princeton Avenue in Moorpark has been sold in a recent transaction. The property spans 45,916 square feet and was listed with an asking price of $15,000,000. The sale was finalized at a price of $13,700,000, resulting in a price per square foot of $298.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,700,000
- Address: 14399 Princeton Avenue
- Market: Moorpark
- Square Footage: 45,916
- Asking Price: $15,000,000
- Price per Square Foot: $298
The industrial property was purchased by Homa Bolour and Michel Bolour from Steve Sanett. The deal was facilitated by brokers Grant Fulkerson and Brett Saunders from Lee & Associates.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93