Updated Oct 28, 2024
Steve Sanett Acquires Industrial Property In Ventura County For $9.5M
14399 Princeton Avenue, Moorpark, Ventura County, CA, USA
$9,462,360
$206/SF
Building Size
45,916 SF
Asset Type
Industrial
Closing
Jun 10, 2020
About this deal
AI
The industrial property located at 14399 Princeton in Ventura County has been sold in a recent transaction. The property spans 45,916 square feet and was listed for an asking price of $9,871,940. The sale price for the property was finalized at $9,462,360, resulting in a price per square foot of $206.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,462,360
- Address: 14399 Princeton
- Market: Ventura County
- Square Footage: 45,916
The buyer of the property is Steve Sanett, while the seller is VZD Industrial Investments LLC. Representing the buyer in the transaction was Brett Saunders from Brett Saunders Realty. On the seller's side, Grant Fulkerson from SIOR and Mike Tingus were the representatives.
On the Map
$9,462,360
$206/SF
Industrial
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Players
Moorpark Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93