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$70M Thousand Oaks Industrial Sale Completed By Colliers International

Property Image
SOLD
$70,000,000
J.B. Green
Bennett Robinson
+ 1

California

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Industrial172,516 SF
Sold 04/22/2022
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Property Image
SOLD

$70M Thousand Oaks Industrial Sale Completed By Colliers International

1515 Rancho Conejo Boulevard, Thousand Oaks, California 91320, United States

See Similar Deals
Industrial172,516 SF
Sold 04/22/2022
J.B. Green
Bennett Robinson
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$405
Total Square Footage:172,516 SF
Transaction Type:Sale

The industrial property located at 1515 Rancho Conejo Boulevard and 1489 Lawrence Drive in Thousand Oaks was recently sold for a total price of $70,000,000. The property spans across 172,516 square feet, resulting in a price per square foot of $405. The sale was facilitated by Colliers International, with J.B. Green representing the buyer. CBRE, through Tom Dwyer and Bennett Robinson, acted as the seller's representative. The transaction took place on April 22, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $70,000,000
  • Address: 1515 Rancho Conejo Boulevard & 1489 Lawrence Drive, Thousand Oaks
  • Market: Thousand Oaks
  • Square Footage: 172,516
  • Price per Square Foot: $405

Chris Payne, representing Sares Regis Group, acted as the seller in this transaction. The buyer was represented by J.B. Green from Colliers International. The seller's representatives were Tom Dwyer and Bennett Robinson, both from CBRE.

Players

Bennett Robinson
6 deals$145.5M volume
BROKER

J.B. Green
Colliers
1 deal$70M volume
BROKER

Tom Dwyer
CBRE
2 deals$120M volume
BROKER

Details

SOLD
IMAGE: Chris Payne, J.B. Green, Tom Dwyer & Bennett Robinson DATE: 04/22/2022 ADDRESS: 1515 Rancho Conejo Boulevard & 1489 Lawrence Drive MARKET: Thousand Oaks ASSET TYPE: Industrial SELLER: Sares Regis Group - Chris Payne BUYER'S REP: J.B. Green - Colliers International SELLER'S REP: Tom Dwyer & Bennett Robinson - CBRE SALE PRICE: $70,000,000 SF: 172,516 ~ PPSF: $405

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$248,695.22
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