facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Sale

/

14399 Princeton Avenue

Homa Bolour - Michel Bolour Acquires Industrial Property In Moorpark For $13.7M
SOLDIndustrial

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

Grant Fulkerson

Lee & Associates

Broker

$346.5M

vol

26 deals

Broker

Steve Sanett

Seller

$29.2M

vol

3 deals

Seller

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