Homa Bolour - Michel Bolour Acquires Industrial Property In Moorpark For $13.7M
SOLD
$13,700,000
California
See Similar DealsIndustrial45,916 SF
Sold 09/15/2023
SOLD
Homa Bolour - Michel Bolour Acquires Industrial Property In Moorpark For $13.7M
14399 Princeton Avenue
See Similar DealsIndustrial45,916 SF
Sold 09/15/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$298
Total Square Footage:45,916 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$730,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,673.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,944.99
Annual Debt Service$779,339.87
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