Updated Dec 19, 2023
Andresen Johnson Acquires Industrial Property In Ventura County For $4M
1579 Los Angeles Avenue, Ventura, California 93004, United States
$4,000,000
$188/SF
Building Size
21,200 SF
Asset Type
Industrial
Closing
Nov 30, 2021
About this deal
AI
The industrial property located at 1579-1585 Los Angeles Avenue in Ventura County has been sold. The property spans a total area of 21,200 square feet. The sale was completed on November 30, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Price per Square Foot: $188
- Buyer: Andresen Johnson
- Seller: Mark Pool
- Brokers: Bentley McKean, Gary Cohen, and James DeBuiser (Cohen-DeBuiser Team) - Marcus & Millichap
The buyer, Andresen Johnson, acquired the property from the seller, Mark Pool. The transaction was facilitated by the Bentley McKean, Gary Cohen, and James DeBuiser of the Cohen-DeBuiser Team, representing Marcus & Millichap. The sale price for the property was $4,000,000, resulting in a price per square foot of $188.
On the Map
$4,000,000
$188/SF
Industrial
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Players
Ventura 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93